Bitcoin miners earned $ 1.7 billion in April

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If for Ethereum miners each of the last months has been marked by a record profit, then for Bitcoin miners April was a plateau – their profit showed a slight decrease to $ 1.7 billion.

In March, Bitcoin miners received $ 1.75 billion in profit, and in April they earned $ 50 million less. At the same time, if we take into account that there are 30 days in April, and 31 in March, the figure turns out to be almost the same.

It was in April that the rate of the first cryptocurrency exceeded $ 60,000. It is interesting that in April the share of profit from transaction fees increased noticeably. If in March the figure did not exceed 10% ($ 167.2 million), then in April the miners received $ 247 million from commissions, which is 14.51% of the total profit. This is the highest figure since the beginning of 2018.

In recent months, the balance of power in the mining industry has been in the process of changing – companies from Canada and the United States are investing more and more money in the purchase of equipment, and China is gradually losing its leadership. The point is regulatory uncertainty in the Middle Kingdom, for example, the Beijing authorities have recently begun to investigate the impact of miners on electricity consumption in the city.

In mid-April, power outages occurred in the Chinese province of Xinjiang. A significant number of mining farms also fell under the shutdown, and therefore the hashrate of the Bitcoin network has significantly decreased.

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