The revenue collected by Bitcoin (BTC) miners as transaction fees in 2023 reportedly averaged about $2 million per day, signifying a 400% jump year over year.

Jameson Lopp, co-founder of Bitcoin self-custody platform Casa, shared the data in a Dec. 23 post on X, signifying that Bitcoin miners were finally benefiting from the cryptocurrency’s soaring prices.

Lopp says Bitcoin miners raked in almost $2 million on average per day from transaction fees this year. That’s a 400% increase compared to last year.

Lopp also shared that BTC miners earned more than $10 billion in 2023. However, he clarified that the figures assumed the miners instantly exchanged their coins for fiat currency, something he suggested is not wholly true.

His revelation follows a recent report by Messari, which indicated that BTC miners attracted significant venture capital investment in November.

Per the report, there were 98 crypto-related deals last month, with about 90% of them, valued at $1.75 billion, going to Bitcoin miners.

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Author: Julius Mutunkei

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