Bitcoin Miners’ November Revenue Peaks at $1.16 Billion, Setting 2023 Record

November marked a important milestone successful the 2023 gross generated by bitcoin miners, reaching a highest of $1.16 billion. This period not lone stood retired successful presumption of full net but besides acceptable a grounds for the highest monthly fees collected by miners wrong the year.

Bitcoin Mining Fees Soar to Yearly High successful November, Fueling Revenue

In November, bitcoin (BTC) miners experienced a prosperous period, bolstered by accrued prices and a important uptick successful transportation fees. Data reveals that miners amassed a full gross of $1.16 billion, with fees contributing $142.19 cardinal to this sum.

This show eclipsed the erstwhile zenith reached successful May 2023, wherever full net were $919.22 million, inclusive of $125.92 cardinal successful fees. From May to November 2023, bitcoin miners experienced a fluctuation successful earnings, with fees escalating from astir $17 cardinal to a highest of $38 cardinal successful June.

The full gross successful November surpassed May’s figures by astir 26.19%. Yet, the hash price, defined arsenic the gross generated per petahash per 2nd (PH/s) each day, was much favorable successful aboriginal May compared to November’s highest values.

On May 8, 2023, data revealed that a azygous PH/s of hashpower was valued astatine $124.17. Contrastingly, the apex worth successful November, recorded connected the 18th, was somewhat little astatine $96.36 per PH/s.

November witnessed a marginal summation successful bitcoin (BTC) transaction processing implicit May, with 16.42 cardinal transactions successful November somewhat edging retired May’s number of 16.3 million. Furthermore, Bitcoin’s onchain regular measurement successful USD presumption reached notable heights successful the past month, though it fell abbreviated of the year’s highest peak, which occurred connected October 29, 2023.

What bash you deliberation astir miners signaling the highest gross period successful 2023 successful November? Share your thoughts and opinions astir this taxable successful the comments conception below.