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Bitcoin Miners Make Huge Income Since New Year

Bitcoin mining revenue for January has already exceeded the December total

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Bitcoin Miners Make Huge Income Since New Year.

Bitcoin mining revenue for January has already exceeded the December total, reaching the highest level seen since January 2018.

Huge Bitcoin Revenue

According to data collected by The Block, BTC miners have generated $ 728.71 million as of January 20. By comparison, bitcoin miners brought in roughly $ 692 million in December as previously reported.

Bitcoin

The increase in BTC price , which forms the basis of these revenue figures , is calculated from the price of about $ 35,000 at the final check. Bitcoin’s price surpassed $ 41,000 earlier this month.

Increased revenue is causing a resurgence of demand for legacy machinery, amidst an expanded supply shortage in the mining hardware industry, with demand going far beyond existing machinery.Moreover, existing firms like Galaxy Digital are entering the field by offering financial services for miners. Galaxy, which is a listed company in Toronto, has also gathered its mining operations in a third-party location.

 

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