In brief
#BTC miners just made over $4 million in a single hour – the highest hourly miner revenue in Bitcoin's history so far.
Chart: https://t.co/TIffXFCIZH pic.twitter.com/PmAAmTN6j3
— glassnode (@glassnode) February 11, 2021
$107,730.00
-3.27%$2,530.26
-5.27%$2.32
-5.15%$662.81
-3.43%$174.27
-4.28%$0.999755
-0.00%$0.227566
-8.07%$0.750703
-7.60%$0.271235
-0.87%$2,528.82
-5.28%$107,648.00
-2.83%$3.64
-5.96%$33.09
-2.90%$3,037.22
-5.37%$15.59
-6.86%$23.20
-8.20%$0.288066
-5.74%$429.59
-3.57%$0.00001443
-7.29%$8.84
-0.59%$0.190705
-7.07%$3.00
-5.72%$96.16
-4.66%$389.48
2.96%$2,531.17
-4.90%$4.60
-7.77%$0.999739
0.01%$5.53
1.70%$2,698.60
-4.97%$0.997489
-0.21%$0.00001378
-11.15%$0.789408
-3.42%$1.001
0.27%$31.79
-0.05%$107,782.00
-3.26%$253.05
-1.74%$424.49
-8.79%$6.05
-7.81%$2.83
-8.28%$5.38
-6.98%$209.96
-4.63%$52.19
-1.70%$0.9411
-8.23%$1.00
0.00%$0.095715
-4.78%$0.108125
-7.79%$18.56
-6.32%$5.26
-8.25%$33.40
-6.76%$1.17
0.08%$21.37
-2.44%$12.73
-11.72%$0.734625
-3.78%$4.69
-10.00%$0.02817133
-8.26%$0.854154
-3.24%$4.81
-7.96%$0.370171
-12.45%$0.999581
-0.05%$1.39
-9.61%$0.237146
-5.95%$107,161.00
-2.80%$1.052
0.03%$0.224604
-7.27%$2.87
-7.34%$0.393467
-9.15%$4.41
0.51%$0.569535
-5.82%$0.00002134
-8.08%$0.999776
0.12%$2.52
-11.91%$4.61
-2.86%$2,522.83
-5.79%$183.82
-3.82%$0.471468
-10.53%$1.48
-5.74%$11.45
-0.58%$0.910897
-9.99%$95.04
-3.18%$2,641.11
-4.91%$0.749553
-8.66%$1.95
-6.19%$13.03
-8.23%$1.25
-3.06%$0.228601
-6.88%$0.01852749
-5.44%$2,874.90
-4.73%$0.649213
-9.55%$4.21
-10.86%$0.999909
0.05%$1.14
-11.12%$0.741402
-3.65%$0.069721
-3.58%$107,409.00
-3.22%$0.110556
-9.74%$0.777379
-5.24%$1,642.22
-6.98%$0.00010193
-10.60%$225.81
-4.70%$2,698.76
-4.86%$3.13
-9.07%$0.999556
-0.01%$0.99741
-0.19%$193.45
-4.75%$107,598.00
-2.63%$0.870648
-11.25%$0.0175972
-8.89%$0.01900781
-10.50%$2,654.09
-5.03%$108,197.00
-3.94%$660.58
-3.71%$1.00
-0.00%$3,355.37
1.51%$0.01296735
-11.60%$2,748.42
-1.18%$0.870978
-2.20%$3,366.05
1.68%$0.803571
-4.69%$0.210623
-9.09%$0.867091
-11.69%$0.134266
-7.60%$0.308563
-9.42%$46.45
-7.43%$2.32
-7.68%$0.562883
-2.25%$37.20
-5.40%$22.16
-7.44%$3.97
-5.72%$12.47
-0.64%$0.00000072
-4.68%$4.27
-7.71%$106,972.00
-3.40%$0.116622
-4.61%$1.93
-10.87%$0.999798
0.04%$2.01
-7.30%$0.066218
-18.05%$0.622228
-5.70%$0.407997
-6.87%$111.17
0.02%$0.99732
-0.03%$2.04
-0.10%$2.27
-7.22%$0.01850402
-7.06%$0.314333
-8.77%$1.089
-0.48%$0.227114
-8.37%$2,529.86
-5.13%$2,530.88
-5.10%$107,735.00
-2.78%$0.524998
-6.64%$2,603.22
-5.61%$2,699.32
-4.75%$0.642987
-9.23%$0.434045
-7.84%$17.86
-9.85%$2,530.28
-4.92%$0.00871483
-10.55%$0.607698
-10.84%$0.00497688
-9.87%$0.507046
-9.35%$0.998946
-0.00%$0.636856
-11.08%$107,523.00
-2.75%$0.155687
-12.25%$7.28
-9.71%$1.96
-7.13%$0.183073
-5.91%$0.051036
-0.45%$2.87
-9.35%$6.53
-7.27%$0.00000117
-15.11%$0.09032
-8.67%$104,690.00
-3.69%$0.9997
-0.01%$0.691498
-6.72%$0.097978
-9.70%$0.00002257
-6.53%$0.178659
-10.87%$0.412471
-7.39%$0.062249
-0.83%$0.00483278
-8.60%$0.00000044
-3.15%$0.163531
-4.23%$1.10
0.01%$0.395485
3.04%$1.41
-12.71%$0.04394884
-7.00%$1.54
-9.83%$33.02
-3.20%$1.52
-11.97%$1.095
0.00%$1.009
0.99%$37.05
-3.32%$0.00768298
-9.35%$0.999697
-0.00%$2,523.42
-5.02%$0.163775
-9.25%$1.23
-10.81%$0.00460596
-4.45%$42.40
-6.34%$0.394674
-8.38%$0.999647
0.02%$2,683.21
-4.92%$0.01935983
-2.05%$106,480.00
-3.01%$3.05
-7.21%$0.0040592
-10.14%$0.237595
-5.85%$1.00
0.04%$0.03626298
-5.82%$0.00517518
-12.64%$0.788051
-11.06%$32.81
-4.53%$107,632.00
-3.24%$133.47
-5.42%$0.835457
-4.64%$2,783.08
-5.38%$0.341449
-15.75%$0.00006202
-7.40%$0.358374
-8.40%$0.304792
-12.80%$2,756.60
-4.96%$0.00000159
-3.15%$0.996657
-0.27%$2,532.20
-5.33%$23.21
-7.51%$19.27
-1.14%$0.999595
0.01%$0.2261
-6.47%$0.691645
-5.02%$0.999876
0.00%$0.250996
-7.63%$2,526.22
-4.93%$18.38
-7.94%$0.521343
-10.67%$2,732.84
-5.66%$2.67
-9.80%$0.00069458
-4.97%$23.49
-6.80%$194.45
-4.63%$189.20
-3.99%$0.665146
-11.60%$0.999782
0.02%$2,162.86
-3.19%$3.39
-8.30%$3.06
-12.36%$0.00
-11.31%Reading
Bitcoin's price—currently near the $48,000 mark—is having an effect on people's pocketbooks. That includes the wallets of those who mine it.
According to data from blockchain analytics firm Glassnode, Bitcoin miners earned over $4 million in revenue in a one-hour period today. That’s the highest level ever recorded on the Bitcoin blockchain, it says.
Mining is the process by which transactions are verified and added to the blockchain. Miners run specialized computers that contribute to the security of the network; the machine that solves the cryptographic puzzle first is rewarded with freshly minted Bitcoin. The process starts over every 10 minutes or so.
#BTC miners just made over $4 million in a single hour – the highest hourly miner revenue in Bitcoin's history so far.
Chart: https://t.co/TIffXFCIZH pic.twitter.com/PmAAmTN6j3
— glassnode (@glassnode) February 11, 2021
Miners earn two things when they establish a new block: a block reward, which is currently 6.25 BTC, plus fees paid by Bitcoin users to help prioritize their transactions.
That results in about 37.5 Bitcoin in block rewards each hour—maybe more if seven blocks are processed instead of six. At today’s BTC rate, that equates to $2.1 million.
Bitcoin investors may be having a field day due to the cryptocurrency’s soaring price but those wanting to send the coin won’t be too pleased: transaction fees are climbing high—and fast. The cost of moving Bitcoin is now the highest it’s been in three years: $25.46 on average, according to the latest BitInfoCharts data. Fees have climbed quickly this week after Elon Musk’s Tesla announced it had bought the currency. Since the news, they’ve soared 122% in three days—they were $11.45 on Sunday....
Much of the money miners are earning, though, come from transaction fees, which hit a three-year high of $25.46 yesterday—with over 2,500 transactions per block—adding on another $400,000 or so. Yet fees fluctuate wildly from day to day and from hour to hour—and tend to be highest during US business hours.
With all the attention being paid to the network as the price of Bitcoin ascends toward $50,000, there’s more competition to get transactions in, and more incentive for users to pay a higher fee. That may be a bummer to average users, but it’s clearly not so bad for miners.
WalletConnect Token (WCT) is launching on Solana, with 5 million WCT set to be airdropped to the blockchain's active users. The launch of WCT as a multichain token aims to open WalletConnect to new users and liquidity, and applications throughout the Solana ecosystem. $WCT is coming to Solana! Powered by @wormhole NTT. To kick off this next chapter, WalletConnect is partnering with @phantom, @jup_dao, @Backpack and @solflare 👀 This is just the beginning. More details coming soon. pic.twitter.c...
The majority of TRUMP meme coin holders that earned VIP status for President Trump’s exclusive gala dinner held none of the tokens in those wallets by the time they arrived for dinner at Trump National Golf Course on Thursday night. On-chain data gathered from Solana block explorer Solscan shows that just eight of the top 25 VIPs maintain a balance of the president’s official Solana meme coin the day after the dinner, with the bulk of registered addresses having transferred tokens to centralize...
More than a hundred protestors gathered Thursday outside Trump National Golf Club in Sterling, Virginia, as President Donald Trump hosted a controversial private dinner for top holders of his meme cryptocurrency, $TRUMP. Demonstrators waved placards reading "Stop Crypto Corruption" and chanted "Shame!" as the president arrived. One group hoisted a giant golden coin bearing Trump’s scowling face, drawing attention to what they labeled a "Grift Gala". The protest was coordinated by advocacy groups...