Bitcoin Miners Generate $50M Per Day During Bull Trend

Bitcoin Miners Generate $50M Per Day During Bull Trend

Bitcoin price is trading at nearly $50,000 per coin and on-chain activity is soaring. The recent bull trend and surging interest surrounding the cryptocurrency has allowed miners to surpass over $50 million in revenue in a single day generated.

Here’s how rising Bitcoin prices combined with spiking transaction fees have made mining BTC a particularly lucrative venture.

Daily Bitcoin Miner Revenue Surpasses $50 Million

Bitcoin’s gains in 2021 make the stock market, gold, and anything else look like barely a blip by comparison, and is the best performing asset on the planet in terms of total ROI.

Investors who bought Bitcoin at any point before the year began are in nearly two times profit, but with prices so high, even miners are making a killing compared to the cost of production.

Read the full article at newsbtc.com

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