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Bitcoin Miners Wrap Up Record-Breaking Year with $16.75bn in Revenue
Bitcoin miners are closing out their most profitable year on record, despite a sharp decline in earnings during the final quarter. Mining revenues fell in Q4 as Bitcoin’s price slid by around 23%, reducing the fiat value of block rewards and transaction fees. Even so, miners generated $3.93 billion over the final three months of the year. While this represented a striking $1 billion drop from the all-time quarterly high of $4.93 billion recorded in Q3, it was still sufficient to lift full-year revenues to historic levels. Data from Techgaged.com shows that by late December, total Bitcoin mining revenue had reached ... (full story)
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