Bitcoin mining revenue peaked at $107M on BTC halving day
More than 3,000 investors wanting to be a part of Bitcoin’s history spent 37.7 BTC (worth $2.4 million) in fees alone to nab their share of limited space on the Bitcoin block 840,000.
Revenue earned from Bitcoin (BTC) mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings on Bitcoin halving day, 2024.
On April 20, Bitcoin miners earned a total of $107.7 million in mining rewards and transaction fees as community members willingly paid exorbitant fees to get their transactions recorded on the 840,000th Bitcoin block.
Investors wanting to be a part of Bitcoin’s history spent 37.7 BTC (worth $2.4 million) in fees alone to nab their share of limited space on the Bitcoin block, which triggered the fourth halving event. The block included 3,050 transactions, meaning the average user paid a little under $800.
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