Bitcoin Mining Revenue Hits Highest Peak Since April
Bitcoin miners saw a significant revenue boost in November, reaching $1.21 billion—the highest since April—driven by rising Bitcoin prices and a 29.92% surge in hashprice.
The network’s hashrate hit a record 790 EH/s, though it slightly eased to 741 EH/s, slowing block times to an average of 9 minutes and 48 seconds. Despite a dip in transaction fees compared to October, November highlighted the mining sector’s resilience as it prepares for a projected 2% difficulty increase in December.
Clever Robot News Desk 2nd December 2024
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