Bitcoin Miners Profited $354,4 million in a Week, the Highest Record to date

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Bitcoin miners profit from the increased number of transactions on the network. Hence, with more transactions, comes accompanying fees paid to miners. The total revenue includes transaction fees and the block rewards that miners collect. 

In conclusion, mining one Bitcoin costs $8000. Therefore, with the cryptocurrency trading at $48,544 as of this writing — Bitcoin miners are estimated to break more records from Bitcoin mining in the future.

 

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