March 29, 2024

Bitcoin miners earned $ 1.72 billion in October

Bitcoin miners earned $ 1.72 billion in October

According to monthly data from The Block, Bitcoin miners earned $1.72 billion in October, reachingsecond highest value.

October figures exceed April ones – $1.7 billion – and are just shy of March's all-time high of $1.75 billion.

Bitcoin miners earned $ 1.72 billion in October

Most of the profits were made from finding a new block – 6.26 BTC or $386.3 thousand. The transaction fee was 10% of total monthly revenue.

The upward trend in miners' earnings observed sinceend of summer, continues. After the 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 was a three-month maximum in commission income.

Bitcoin miners earned $ 1.72 billion in October

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