After falling consecutively since October, bitcoin mining revenues had a month-over-month increase of 14%.
Bitcoin miners brought in a total of $1.21 billion in revenue in March, according to data compiled on The Block’s Data Dashboard. Mining revenue came in at $1.06 billion in February.
Most of that revenue came from the block subsidy ($1.19 billion) and only a small portion from transaction fees ($15.26 million).
Total revenues have declined from $1.72 billion in October. They hit an all-time high in March 2021, with a total of $1.75 billion.
For more must-read figures from around the digital asset space, read the March by-the-numbers breakdown by The Block Research’s Lars Hoffmann (Research subscription required).