On November 12, Bitcoin miners earned more than $44 million in block rewards and transaction fees, the highest since April 21, 2022. Then, according to data Blockchain.com, Bitcoin miners earned $44.5 million in one day, writes RBC Crypto.
Graph of Bitcoin price and daily profit of miners. Source: Blockchain.com
The previous maximum in 2023 was recorded on May 8, when miners earned almost $42 million per day.
Miners’ income is directly dependent on the price of the first cryptocurrency. In mid-October, Bitcoin began to rise rapidly amid news of the possible approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). In less than a month, the rate of the main cryptocurrency has increased by almost $10 thousand and is currently trading at $37 thousand.
Today, November 13, as a result of the next recalculation, the Bitcoin mining difficulty indicator increased by 3.55%, setting a new historical record at 64.68 T. The increase in the mining difficulty and hashrate of the Bitcoin network suggests that more and more miners are connecting to the mining of the first cryptocurrencies.
Securities of public companies associated with cryptocurrency mining have continued to rise in price for several weeks amid a rally in the digital asset market.
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