News - Bitcoin mining revenues have risen above $50 billion

By Mike Hesp

Bitcoin mining revenues have risen above $50 billion

Bitcoin (BTC)
Mining

Every day Bitcoin mining achieves new revenue records. Since the Genesis block, BTC miners have made huge profits.

According to data from Glassnode amount to the cumulative revenues of mining more than $50 billion. With a total cost of $36.6 billion since the Genesis block.

Dti thus brings the total profit margin for miners to $13.6 billion," Glassnode said.

When the price of Bitcoin crashed after the collapse of FTX, the mining industry faced almost insurmountable challenges. However, with the recovery of crypto market prices, the crisis could be over by 2023.

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