Miners saw revenues climb to roughly $78.89 million on March 11, the same day the BTC price broke new all-time highs.
Bitcoin’s (BTC) price has been on an “up only” trend since Jan. 23, resulting in an increase in miner revenues, which reached a record high earlier this week.
Data from Blockchain.com shows that daily Bitcoin mining rewards spiked to $78.89 million on March 11 for the first time in history, surpassing the previous high of $74.4 million set in October 2021.
Miner revenues primarily come from rewards for creating new blocks and confirming transactions on the Bitcoin blockchain. Miners currently receive 6.25 BTC for every successful block they create in addition to transaction fees.
