Last month, it became the second in terms of profitability in the entire history of mining the first cryptocurrency.
In October, BTC miners earned $ 1.72 billion, according to The Block. Another 10% of revenue came from online transaction fees.
Last month became the second most profitable month in history for miners. 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 the miners exceeded $ 40 million. Then the profit was around $ 14-18 million a day.
BTC gained more than 40% in October. The cryptocurrency has restored its all-time high, which was set in May and exceeded $ 67,000.
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Latest posts by Margharet Tess (see all)
- Bitcoin Whales Cash In Millions Amid Recent Rally - November 20, 2024
- Hidden Pattern on XRP Charts Suggests a 500% Surge – Is It Finally Moon O’Clock? - November 20, 2024
- $PNUT Up 325% In 7 Days, Heading To New Record – Will This New Altcoin Be The Next Hot Deal? - November 19, 2024
