Bitcoin miners have raked in an impressive revenue of $184 million in the second quarter of 2023, breaking previous records.
BRC-20 And Ordinals Boon For Miners
The second quarter of 2023 has been particularly profitable for Bitcoin miners everywhere. It has brought with it a significant surge in profits, earning them a staggering total revenue of $184 million. Crypto analysts have attributed the million-dollar windfall to the popularity and rising demand for BRC-20 tokens and Ordinals. Coinmetrics pointed out that previously the fee market for Bitcoin miners used to be rather uneventful. However, the market has turned itself around and has raked in significant transaction fees for Bitcoin miners from April to June, with the latest transaction fee total being more than that of the five previous quarters combined.
What Is Ordinals Protocol?
The Ordinals protocol was launched in early 2023, and despite some pushback from the crypto community has enabled people to create NFT-like as
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