Bitcoin Miners Reap a Record $57 Million in Profits Daily

Data acquired by cryptocurrency trading simulator Crypto Parrot indicates that bitcoin miners’ revenue stood at an average of $57 million daily over the last 30 days between March 27 and April 26.

The highest amount was recorded on April 15 at $81,172 in the wake of the asset attaining a record price level. The least daily revenue was on April 17 at $45,028. On March 27, the revenue was $58,772, while on April 26, the figure stood at $47,398.

Elsewhere, compared to the 2017 bull run, the last 30 days cumulative bitcoin miners revenue of $1.7 billion was higher by 40.21%. During the December 2017 rally, the miners’ revenue that month totaled $1.23 billion.

Bitcoin mining revenue usually depends on the asset’s price, which has surged by about 90% in 2021. Notably, on April 14, the asset attained an all-time high of almost $65,000, and miners earned the highest revenue the following day.

Bitcoin mining environmental concern

With bitcoin mining returning high revenues, the report highlights some of the concerns around the activity. According to the research report:

“On the flipside, amid surging revenues for miners, bitcoin continues to be the center of attention from environmentalists questioning the asset’s sustainability. Mining is known to consume more electricity, destabilizing the environment. However, mining equipment manufacturers focus on machines that consume less energy, while bitcoin backers believe in the future, there will be a more proactive shift towards renewable sources of energy.”

However, as mining revenue surges, more miners are motivated to bring more machines online to reap from the growth.