Home » Bitcoin miner revenue surges to pre-halving levels
Bitcoin News

Bitcoin miner revenue surges to pre-halving levels

Bitcoin miner revenue surges to pre-halving levels

Because the Bitcoin (BTC) value is reaching its highest ranges since January 2018, Bitcoin mining is getting extra worthwhile on account of quite a few elements.

In keeping with knowledge from Blockchain.com, BTC miner income has soared to ranges not seen since Bitcoin’s third halving in Could 2020, which diminished the miner block reward from 12.5 BTC to six.25 BTC.

As such, BTC miners’ income hit $20.eight million on Nov. 4. In keeping with Blockchain.com, that is the best level recorded since September 2019, when the miners’ block reward was twice as a lot as now.

BTC miners income (USD). Supply: Blockchain.com

A spike in BTC miner income ranges is coming from the Bitcoin value doubling since Could’s halving. On Nov. 4, the worth reached a brand new 2020 excessive at $15,950, leaping greater than 20% over the previous seven days.