April 24, 2024

Bitcoin miners earned $ 1.72 billion in October

Last month became the second in terms of profitability in the entire history of mining the first cryptocurrency.

In October, minersbitcoin, according to The Block, earned $ 1.72billion. More than 90% of the miners' income came from rewards for the found block in the amount of 6.25 BTC ($ 386.3 thousand at the current exchange rate as of 18:20 on November 1). Another 10% of the revenue came from online transaction fees.

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The block

Last month was the second most profitable month for miners in history. The record month was March, when the miners of the first cryptocurrency earned about $ 1.75 billion.

At the beginning of October, the daily profit of minersexceeded $ 40 million. The income of miners increased by 275% compared to the values ​​that were observed before the halving of the miner's reward for the mined block. Then the profit was at around $ 14-18 million per day.

Bitcoin gained more than 40% in October.The cryptocurrency has renewed its historical maximum, which was set in May and exceeded $ 67 thousand. On November 1, bitcoin is trading at $ 61.4 thousand, and its capitalization is $ 1.16 trillion.

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