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Miners' profits in December could reach more than $1.4 billion

Mining: Miners' profits in December could reach more than $1.4 billion

Bitcoin miners have already accumulated a total of 4,055 Bitcoins, equivalent to $170 million, in December. The overall earnings for this month could reach $1.4 billion.

These figures correspond to the mining revenues recorded in December 2021 during the peak of the previous bull trend. The commission fees in December 2023 account for 20% of the total block rewards.

According to TheMinerMag, if the current trend continues, miners could accumulate around 6,800 BTC solely from transaction fees in December.

The miners' profits for December 2023 could amount to $1.4 billion. Meanwhile, Marathon Digital, one of the leading mining companies, has demonstrated impressive results by mining over 1,070 BTC in December alone. With the current mining rate of 57 BTC per day, Marathon Digital could achieve a mining figure of over 1,700 BTC per month. This would be a record-breaking achievement in the history of mining companies, confirming 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 in the face of increased interest in cryptocurrency mining.

It is also worth mentioning #Marathon Digital's pilot project aimed at mining BTC using methane generated from landfills. This innovative approach to energy generation reflects the company's commitment to sustainable and environmentally friendly cryptocurrency mining methods.

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