2023-12-04 13:04:59
Bitcoin mining reached a significant milestone this November. Miners’ income exceeded 1.16 billion dollars. That’s up more than 30% from October’s $885 million. In addition to the record high income, the monthly fees also reached an annual high. Booming period for miners BTC miners are having an incredible month. According to the data, the miners’ fees contributed $142.19 million to the 1.16 billion revenue. This performance surpassed the previous peak set in May 2023, when total revenue was $919.22 million, with premiums accounting for $125.92 million. From May to November, there was a strong fluctuation in the earnings of bitcoin miners. And fees rose from regarding $17 million to a peak of $38 million by June. This means that the total revenue in November exceeded the May numbers by regarding 26.19%. However, interestingly, the hash price, which is the revenue generated per petahash per second (PH/s), was more favorable in early May compared to the November highs. The data revealed that on May 8, 2023, a single PH/s hash was worth $124.17. In contrast, the November peak, recorded on the 18th, was slightly lower at $96.36 PH/second. Source: hashrateindex.com In terms of transaction processing, the November values are only minimally higher than in May. The value of 16.3 million in the spring was raised to 16.42 in the month of November. Meanwhile, the price of Bitcoin is soaring: BTC PRICE. The coin has gained 12% in the past week and probably has no plans to stop just yet.
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