Bitcoin miners have seen their revenue increase in recent times and even saw a new all-time high (ATH) on December 16. This comes after a long period in which miners were reported to have experienced a significant crash in their mining revenue.
Bitcoin Miners Earn $9.98 Million In A Single Day
According to data from Dune Analytics, Bitcoin miners earned over $9.98 million on December 16 as fees from Ordinal inscriptions. This record eclipses the previous one achieved on May 8, 2023, when miners earned over $7.21 million.
It is, however, worth mentioning that there has been a substantial increase in BTC’s price since May 8, which could explain the rise in the dollar value. Miners receive these fees to inscribe digital assets (Ordinals) on the Bitcoin blockchain. Ordinals are casually referred to as “Bitcoin NFTs.”
Bitcoin Ordinals began to regain steam last month after months of slow activity. The resurgence in trading volume has largely contributed to the spike in transaction
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