BTC mining is becoming a very profitable venture in BTC's price surges to a two years all-time high.
The rise in the BTC miners fee has been attributed to various factors, including the increase in Bitcoin's price. Analytics from Blockchain reveals that mining revenues have increased to 6 months all-time high. A total of 20.8 million dollars was generated in mining revenue on the 4th of November. Data revealed that the highest BTC revenue was witnessed last year when the reward was 2X the current bonus.
Major Update
- Bitcoin miner fees soar to a six month high
- The new miner's price is a result of the BTC pump in the past week.
- The sudden surge in the BTC transaction fee in October has also been attributed to the high miners' revenue.
- Miners may start cashing out their rewards as the market stays bullish.
The surge has been attributed to the hike in Bitcoin's price, which reached a high of 15,950 USD on the 4th.
