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Mining Boom: Bitcoin Miners Rake in Highest Revenue Since April
Bitcoin miners had plenty to smile about in November, as their revenue received a significant boost thanks to a price climb, hitting levels not seen since April.
Bitcoin Miners Celebrate $1.21B November Payout as Hashrate Soars
Bitcoin miners saw brighter days in November, enjoying a substantial boost in earnings compared to October, thanks to a significant rise in the hashprice—the estimated value of 1 petahash per second (PH/s) of hashpower. Starting the month at $46.71 per PH/s, as reported by hashrateindex.com, the hashprice climbed to $60.69 per PH/s by the month’s end. Notably, it even brushed close to $64 per PH/s during the month.
