Bitcoin's value has climbed above $36,000, marking a significant rebound in the cryptocurrency's price. In parallel, transaction fees have surged, accounting for 27% of miners' block rewards in the last day. This increase in fees is a boon for miners as it boosts their earnings f...
Bitcoin's value has climbed above $36,000, marking a significant rebound in the cryptocurrency's price. In parallel, transaction fees have surged, accounting for 27% of miners' block rewards in the last day. This increase in fees is a boon for miners as it boosts their earnings from processing transactions.
Moreover, the 'hashprice'—the revenue per petahash—has soared to over $91 per PH/day, a peak not seen since May 10, 2023. This marks a remarkable 27% rise week-over-week, according to hashrateindex.
These figures illustrate a lucrative period for Bitcoin miners, signaling a strong recovery in profitability after previous downturns. The upbeat sentiment is palpable in the crypto community. Such positive trends provide a solid foundation for the future of cryptocurrency mining and investment.