BTC mining brought a record revenue amid the rise in the price of the first cryptocurrency to a historical ceiling of $49.7 thousand.
Over the past week, Bitcoin miners gained $354.4 million, which is $4 million more than the last track record set in 2017. Calculations are made presuming the mined cryptocurrency is instantly sold. More than 15% of income in the last week was generated from commission fees.
“Miners are really optimistic about the future of the crypto industry. January and February 2021 were marked by record heights. Miners take all the profits and put them back into the business to increase the hashrate,” explained Ethan Vera, one of the founders of mining firm Luxor Technology.
Just recently, BTC updated its all-time high, exceeding the cost of $49.7 thousand. As a consequence of this, a shortage of mining equipment occurred. Large manufacturers have already sold out their devices until almost the end of the current year. The price of new devices for mining farms has also soared. For many of them, the rise is already nearly 100%.
