April 18, 2024

Revenues of bitcoin miners increased by 48%

Revenues of bitcoin miners increased by 48%

According to Coin Metrics, bitcoin miners earned about $522 million in November.

Last month's revenue was 47.9% higher than the October figure of $353 million.The production itself brought the miners $467 million or 89.5%, while the remaining $55 million, or 10.5%, came from theFees.

The main growth factor was market changes,not network activity. During this period, 9.14 million transactions were made, the commission for which was on average three times higher than in October and reached $12 at its peak. Over the course of a month, miners received about $0.13 for each Th/sconnected computing power.

Traders were also able to make good money from exchange rate fluctuations in November. This is evidenced by an increase in the volume of cryptocurrency trading by 134%.

</p>