Data: Bitcoin miners earned about $380 million in March

According to BlockBeats, new data collected by Block Research shows that Bitcoin miners earned approximately $380.1 million in March.

This figure is down 25% from February, and the data is based on the assumption that miners sell their bitcoins immediately after mining them, and the proceeds from the sale are calculated based on the closing price of the day. The vast majority of revenue comes in the form of block reward subsidies, which are currently 12.5 BTC per block. However, after the halving, this subsidy will drop to 6.25 BTC. Transaction fees paid by Bitcoin network users account for about 2.12% of total revenue.

According to previous reports by Leddong, Bitcoin miners earned about $5 billion in 2019. The $5 billion figure is down from 2018 levels, when miners earned about $5.28 billion.

Original link: https://www.theblockcrypto.com/linked/61163/