Mining

Bitcoin mining revenues fell 20% in November


Mining


Bitcoin mining revenues fell 19.9% in November to about $472.64 million, in response to knowledge compiled by The Block Analysis.

The cryptocurrency’s worth, which had been hanging across the $19,000 mark final month, slumped beneath $17,000 within the aftermath of FTX’s collapse.

Most bitcoin mining revenues got here from the block reward subsidy ($460.32 million) and solely a small portion from transaction charges ($12.32 million). The share of bitcoin transaction charges over whole income elevated barely to round 3%.

Bitcoin miners generated about 5.3 occasions the revenues of Ethereum stakers.


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