Bitcoin miners brought in $692 million in revenue during December

Bitcoin miners brought in nearly $700 million in revenue in December, according to data collected by The Block Research.

Of the $692.32 million in reported monthly revenue, $68.3 million came in the form of transaction fees. Users pay transaction fees to give their transactions a higher priority when waiting to be included in a block.

December's figure was the highest for 2020 and represents the most revenue generated during a given period since January 2018. During that month, bitcoin miners brought in roughly $1 billion in revenue.

The month saw the price of bitcoin trading around $19,000 and move to nearly $30,000 per coin. Bitcoin surpassed that value on January 2.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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