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Bitcoin miners brought in more than $500 million in revenue during November

From theblockcrypto.com

Bitcoin miners made roughly $521 million in revenue during November — a significant jump over the previous month's figure. According to data collected by The Block Research, the November number represented a 47.9% increase compared to October's $352.57 in total Bitcoin miner revenue. Generally speaking, miners earn money by successfully creating the next block of transactions, earning both the built-in subsidy — currently 6.25 BTC — as well as the combined fees paid alongside the transactions included in the block. Of the $521 million earned in November, nearly $55 million came in the form of transaction fees. (full story)

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  • Category: Fundamental Analysis