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<h5>January 21, 2020</h5>
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<p>The world's bitcoin miners grossed $5 billion in revenue during 2019. This is an estimate by Binance one fo the world's largest exchanges.</p>
<p>Of that figure, $4.89 billion was in the form of block rewards – that is, the 12.5 BTC generated every time a new transaction block is created. The rest – some $146 million – was made via transaction fees.&nbsp;While bitcoin miners grossed $5 billion the miners of Altcoinsmay have grossed another $3 billion in revenues.</p>
<p>That reward number is set to change later this year during the so-called halvening, when the per-block subsidy will drop from 12.5 BTC to 6.25 BTC.&nbsp;</p>
<p>The $5 billion figure represents a decline from 2018's revenue level, when miners made an estimated $5.26 billion. By comparison, 2017's estimated revenue came in at $3.19 billion, as shown in the graph below.</p>
<img src="https://www.tbstat.com/wp/uploads/2020/01/Chart-661x450.jpg" alt="" class="wp-image-53426"/>
<p>As noted in&nbsp;<a href="https://www.theblockcrypto.com/genesis/53121/the-block-2020-research-outlook" target="_blank" rel="noreferrer noopener">The Block's 2020 Research Outlook</a>&nbsp;report, the revenue figure is estimated on the basis that&nbsp;miners sell their bitcoins immediately, which is not exactly&nbsp;accurate as some companies retain a portion of their mined BTC to sell at a later date.<a target="_blank" href="https://twitter.com/intent/tweet?url=https://www.theblockcrypto.com/linked/53425/bitcoin-miners-made-an-estimated-5-billion-in-revenue-during-2019" rel="noreferrer noopener"></a><a target="_blank" href="https://www.linkedin.com/shareArticle?mini=true&amp;url=https://www.theblockcrypto.com/linked/53425/bitcoin-miners-made-an-estimated-5-billion-in-revenue-during-2019&amp;title=Bitcoin%20miners%20made%20an%20estimated%20$5%20billion%20in%20revenue%20during%202019" rel="noreferrer noopener"></a><a target="_blank" href="mailto:?subject=Bitcoin%20miners%20made%20an%20estimated%20$5%20billion%20in%20revenue%20during%202019&amp;body=https://www.theblockcrypto.com/linked/53425/bitcoin-miners-made-an-estimated-5-billion-in-revenue-during-2019" rel="noreferrer noopener"></a><a></a><br></p>
 <br /><center><hr/><em>Posted from my blog with <a href='http://wordpress.org/plugins/steempress/'>SteemPress</a> : https://miningbonanza.info/bitcoin-miners-grossed-5-billion-in-2019/ </em><hr/></center>