Bitcoin miners’ revenues in January surpassed $1 billion

Bitcoin miners’ revenues in January reached $1.09 billion—the highest since December 2017, helped by new price records for the first cryptocurrency.

In the bull market peak three years ago, the figure stood at $1.25 billion.

In the past month, $977.7 million of the $1.09 billion came from mined blocks — a record high in our observation history, with $112.8 million from fees.

Bitcoin miners’ revenues by month, USD millions. Data: ForkLog, Coin Metrics.

Bitcoin mining difficulty after the latest adjustment, amid a shortage of equipment, rose by 1.05%. The metric hit a new record at 20.82 TH/s. The daily miner revenue per TH/s rose to a peak not seen since mid-2019, at $0.25.

The BTC.com service, at the time of writing, forecasts a drop of 0.49% (to 20.72 TH) as a result of the next adjustment.

Data: BTC.com.

Ethereum miners earned $798 million in January — the figure surpassed a three-year-old record ($762 million). However, they have trailed Bitcoin miners for the fourth consecutive month.

The rise in earnings was driven by Ethereum’s price to a new all-time high above $1,400. Forty percent of January’s total came from transaction fees.

Ethereum miners’ revenues by month, USD millions. Data: ForkLog, Coin Metrics.

ForkLog previously reported how miners adapted gaming laptops for Ethereum mining.

Analysts at Flipside Crypto found out when users can save on transactions.

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