According to monthly data from The Block, Bitcoin miners earned $1.72 billion in October, the second-highest total.
October figures exceed April's - $1.7 billion - and fall slightly short of March's record high of $1.75 billion.
Most of the profit was received for finding a new block - 6.26 BTC or $386.3 thousand. Transaction fees amounted to 10% of total monthly revenue.
The upward trend in miners' income, observed since the end of summer, continues. After halving, the total income of miners of the first cryptocurrency increased by 275%. At the beginning of last month, their daily profit reached $40 million, and the amount of commissions amounted to a three-month maximum of commission income.
Subscribe to ForkNews in Telegram, to stay up to date with news from the world of cryptocurrencies
You May Also Like
Why Armenia could become a new cryptocurrency valley. Arguments for and against
Armenia simply could not remain on the sidelines for long, while its neighbor, Georgia, began to gain momentum in its cryptocurrency business. Therefore, it is not surprising that literally over the past 3 years, crypto fever has also captured the minds of Armenians. As a result, today’s Armenia is another one of the most prominent contenders for the title of center of the digital industry.
Ethereum mining revenue increased by 60% in August
EIP-1559 does not prevent miners from increasing their income from Ethereum mining.
