April 20, 2024

The profitability of mining BTC set a record in 2020

The profitability of mining BTC set a record in 2020

According to TheBlock research center, Bitcoin mining set a record this month.profitability for the whole year.

The previous peak in mining profitability this year occurred in February – miners received $0.17 per TH/s. At that time, BTC was trading above $10,000 and the 2020 halving had not yet taken place.

According to the latest data, this month Bitcoin miners are earning $0.19 per day for each TH/s of computing power. 

Just yesterday, BTC miners earned $24.27 million – $21.59 million in block rewards and the rest in transaction fees.

The profitability of mining BTC set a record in 2020

And although the profitability of mining is growing, the difficultymining (an indicator of competition among miners) has been standing still for almost a month. The current mining difficulty is 18.6 trillion, and the absolute maximum was set at 20 trillion this October. 

Subscribe to ForkNews on Telegram to always be aware of the latest news from the world of cryptocurrencies

Based on materialswww.theblockcrypto.com