Bitcoin mining revenues in November amounted to about $521 million. This is nearly 48% higher than October’s figure, according to data from The Block.
Mining revenues by month. Source: The Block Research.
Last month, total miner revenue reached $352.57 million.
Of the $521 million earned in November, nearly $55 million came from transaction fees. This is the highest figure since January 2018.
On 18 November, the miners’ daily revenue stood at a record value since the start of the year — $21.19 million, according to Blockchain.com. Analysts at Glassnode noted that the figure has returned to levels observed before the halving.
Daily miner revenue. Source: Blockchain.com.
Earlier in November, the largest drop in Bitcoin mining difficulty since 2011 occurred — the value fell from the previous record of 20 T to 16.79 T.
Two subsequent recalculations brought it back close to its previous level, and it now stands at 19.16 T.
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