Data shows the already struggling Bitcoin miners have received another blow this week as their revenues have plunged by 15%.
Bitcoin Daily Miner Revenues Sharply Declined Following Price Crash
As per data from the latest weekly Arcane Research report, the daily mining incomes have dropped to just $ 16.3 million now.
The “daily miner revenues” are calculated by multiplying the total amount of Bitcoin that miners get in block rewards and transaction fees each day, with the current price of the crypto.
Since the block rewards are mostly fixed, the revenues mainly depend on the price and the transaction fees.