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Bitcoin (BTC) miners generated $916.6M in May, confirming industry profitability
While the cryptocurrency market saw the usual ups and downs in May, Bitcoin (BTC) mining computers enjoyed a substantial earnings uptick over the past month. A 13.7% earnings surge saw these miners generating $916.6 million in revenue. Meanwhile, the month-over-month (MoM) growth highlights the profitability and continued growth of the BTC mining business. tweet Bitcoin miners primarily generate revenue from block rewards – granted after transaction validation and ensuring platform safety. In that context, the increase in earnings indicates Bitcoin mining profitability. That draws more miners to the blockchain, ... (full story)