Bitcoin mining revenue has skyrocketed over the past three months. In mid-October, when the bitcoin price was about $ 11,500, the profitability of mining for 1 Tx / s was $ 0.063.
After a sharp jump in the price of BTC, which almost exceeded $ 42,000, mining profitability rose to the current level of $ 0.281 (more than 760 sats), this is the data of Bitinfocharts. The last time such an indicator was recorded was at the beginning of August 2019.
If over the past three months the price of BTC has grown 3.5 times, then the profitability of mining has increased almost 4.5 times.
Since BTC is constantly breaking the previous record high, and ETH is growing rapidly, it is not surprising that mining revenues are also growing, – noted in one of the largest Bitcoin mining pools F2Pool.
In the current bull market, miners are deploying more and more devices to mine as much BTC as possible. For this reason, the Bitmain miners are sold out before August this year, and the price of S19 has doubled.
In addition, miners are earning additional funds from extremely high average fees that have grown to $ 11.5, which corresponds to an average Ethereum fee of $ 11.7.
As with Bitcoin, Ethereum mining income reached 76,000 gui ($ 0.084) per day, while altcoin’s price hovers around $ 1,200.
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