Bitcoin Mining Revenues Near $5 Billion but Profits Are Down

According to Diar, Bitcoin miner revenues in the first 6-months of this year surpassed all earnings of 2017.

The reward and fees for the first three quarters of this year represented $4.7 billion in revenues for miners who are keeping the network secure.

Bitcoin mining this year hasn’t been as profitable as in 2017 despite an increase in overall revenue due to increasing network hashrate  and major downtrend of the Bitcoin price.

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BTC Nigeria Editorial