💰Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day
Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes.
💰Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day
Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes.
The SSE was the first modern stock exchange to open in China, with trading commencing in 1990. It has now grown to become the largest stock exchange in Asia and the third-largest in the world by market capitalization, which stood at RMB 50.6 trillion (US$7.8 trillion) as of September 2021. Stocks (both A-shares and B-shares), bonds, funds, and derivatives are traded on the exchange. The SEE has two trading boards, the Main Board and the Science and Technology Innovation Board, the latter more commonly known as the STAR Market. The Main Board mainly hosts large, well-established Chinese companies and lists both A-shares and B-shares.
How Does Bitcoin Mining Work?
Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.
