Bitcoin miners' revenue last month was $412.5 million, up 8% from March, an analyst told TheBlock Larry Chermak.
He proceeded from the calculation that miners sell all mined coins, and used the average price on the day the block was mined.
The vast majority of miners' income in April was made up of coins obtained as a result of mining. Transaction confirmation fees accounted for 1.5% of total revenue.
Chermak recalled that last month’s dailythe amount of cost transfer on the Ethereum network equaled the Bitcoin rate. The reason for this was the explosive growth of ERC-20 stablecoins, whose transactions account for two-thirds of the total volume on the blockchain of the second cryptocurrency.
According to Coinmetrics, by the end of April, the total capitalization of stable coins has grown to $ 9 billion. More than half are stablecoins in the Ethereum space.
Read all about mining, equipment, the upcoming halving and all the intricacies of the Bitcoin mining business in the special material of the ForkLog magazine.
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