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Bitcoin Crosses $48,000 As Miners Earn $4 Million in 1 Hour
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REHAN
61 Days ago (15 Feb 2021, 12:16)
Bitcoin Crosses $48,000 As Miners Earn $4 Million in 1 Hour
Crypto transaction rates are near their highest level in 3 years due to Bitcoin (BTC) hitting $48,000 earlier today.
The price of 1 BTC—currently near the $48,000 mark—is reportedly having an impact on people’s wallets, particularly the wallets of those who mine the digital currency.
If you look at the blockchain data uploaded by analytics firm Glassnode, you’ll see that Bitcoin miners made revenues exceeding $4 million during a one-hour period earlier today.
According to the report, this is the highest level ever recorded on the Bitcoin blockchain. If you’re wondering how this happened, you’d first need to know what happens when you “mine” cryptocurrencies.

What is Mining?
Mining is a process that verifies transactions and adds them to the blockchain. Miners run high-speed computers that keep the crypto network secure. For verification, the blockchain directs traders—or miners in this case— t0 solve cryptographic puzzle. The process starts over every 10 minutes or so.
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