Bitcoin miners had a $1.7 billion revenue in April
It is the second largest volume registered so far, second only to March 2021, when the activity generated $1.75 billion, an amount 2.86% higher than the one that was seen last month.
According to the survey, $247 million of mining revenue – 14.51% of the total – came from transaction fees. It is the highest proportion recorded since the beginning of 2018.
In April, the average transaction fee on the cryptocurrency’s blockchain reached $58, the highest value in Bitcoin’s history.
‘Tariffs’ skyrocket when the BTC network is congested, as it was last month, in part because of a flooding of a coal mine in China, the country responsible for more than half of Bitcoin mining.
In just one day in April, 215,000 transactions were pending confirmation.
Miners also benefited from the cryptocurrency’s high prices. On the 13th of last month, for example, BTC renewed its historic high and hit $63,000.