The post Bitcoin Miners Earn $1.02 Billion in October: A Significant 25% Boost from September appeared on BitcoinEthereumNews.com.

According to a recent report by COINOTAG, Bitcoin miners generated an impressive $1.02 billion in earnings during October, reflecting a significant uptick of $204.3 million compared to September. This marks an increase of 25% month-over-month. The report, sourced from The Block Pro, indicates that a substantial portion of these earnings, approximately $975.22 million, was derived from block rewards, demonstrating the continued profitability of mining operations. Additionally, miners earned around $44.78 million through transaction handling fees, underscoring the multifaceted revenue streams available in the current cryptocurrency landscape. These figures emphasize the resilience and potential growth of the Bitcoin mining ecosystem amidst evolving market dynamics. Source: https://en.coinotag.com/breakingnews/bitcoin-miners-earn-1-02-billion-in-october-a-significant-25-boost-from-september/

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Filed under: News - @ November 3, 2024 2:21 am