Recently, many news and reports have emerged that miners are suffering, and that many of them have gone to other activities, due to the impact of the Corona virus on the industry on the one hand and the decline in the price of Bitcoin on the other.

But it seems that not all the news is negative regarding Bitcoin mining, as miners made $380.1 million in profits during the month of March, which was shown by a new study compiled bySearch Block“.

This number represents a 25% decrease compared to February, as shown in the chart above.

The number is based on the assumption that miners sell their bitcoins immediately and are pulled from the daily closing price of bitcoin.

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Larry Cermak of The Block’s noted in the March summary of the numbers, the vast majority of this revenue was in the form of a block reward, which at this time is estimated at 12.5 bitcoins per block. This number will drop to 6.25 bitcoin when the reward is cut. halved during an expected event next month.

The transaction fees paid by users of the Bitcoin network amounted to about 2.12% of the total amount of revenue generated.

as reported SourceBitcoin miners generated an estimated $5 billion in revenue during 2019.

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The $5 billion figure is down from the level seen in 2018, when miners made an estimated $5.26 billion.

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