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Bitcoin miner revenue climbed 20% in March

source-logo  theblock.co 03 April 2023 16:29, UTC

Bitcoin miners notched another month of growing revenue, according to The Block Research.

Miners brought in a collective $755.4 million, most of which came as block rewards. Each bitcoin transaction block rewards miners 6.25 BTC plus transaction fees. Transaction fee revenue was $23.47 million for March.

The March figures were roughly 20% higher than February's $613.15 million revenues.

Revenues have trended upward in recent months after dropping to around $470 million in November and December amid weakness in crypto markets.

Bitcoin is trading at about $28,000 as of press time, according to TradingView data.

Image via The Block Research