Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Galaxy on November 20, 2020, 04:52:58 AM
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Miners have profited from this Bitcoin’s bull run this month.
Back in May, the reward for mining new Bitcoin was cut in half. But so popular is Bitcoin, that miners have ramped revenues right back up to pre-May levels, data from market analytics firm Glassnode shows.
Due to a feature baked into the Bitcoin protocol, the reward the network provides to miners for processing transactions cuts in half approximately every four years. This event, known as the Bitcoin Halving, effectively means that miners have to work twice as hard to make the same profits.
Info link: https://decrypt.co/48760/bitcoin-bull-run-has-miners-earning-pre-halving-profits