Bitcoin miners have already earned a total of 4,055 Bitcoins worth $170 million in December. Total revenue this month could reach $1.4 billion.
These figures represent the mining earnings recorded in December 2021 during the peak of the previous bull market. In December 2023, the commissions accounted for 20% of the total block rewards.
According to TheMinerMag, if the current pattern persists, miners could collect approximately 6,800 BTC solely from transaction fees in December.
Miners’ profits for December 2023 could reach $1.4 billion.
Meanwhile, Marathon Digital, a prominent mining company, showcased remarkable results, mining over 1,070 BTC in December alone. With the current mining rate of 57 BTC per day, Marathon Digital has the potential to achieve a mining rate of over 1,700 BTC in a month. This would be a record-breaking achievement in the history of mining companies, solidifying their leading role in Bitcoin production.
In November of this year, Marathon Digital reported an impressive 467% increase in BTC mining compared to the same period last year. This remarkable growth highlights the company’s steady progress amidst rising interest in cryptocurrency mining.
It is also worth mentioning Marathon Digital’s pilot project, which aims to mine BTC using methane generated in landfills. This innovative approach to power generation showcases the company’s commitment to sustainable and environmentally-friendly cryptocurrency mining methods.
Bitcoin mining continues to be profitable and is carried out legally and ethically today.