Bitcoin miners received $1.72 billion profit in October – Bits Media

October was quite successful for Bitcoin miners – profits amounted to $1.72 billion, almost reaching the May record in $1.75 billion.

According to The Block, Bitcoin miners' profits from commissions amounted to only $27.47 million – 1.62% of total income. The rest of the profit was received from rewards for mining the block. Profit share from commissions fell sharply in August, although since then it has been growing a little every month. Back in the spring of this year, the share of profit from commissions exceeded 10%.

Recall, what 20 October, Bitcoin updated its all-time high and exceeded $66 000. Considering, that Bitcoin miners receive income in BTC, no wonder, that earnings in US dollars almost reached the previous record.

Wherein, according to analysts of the Kraken cryptocurrency exchange, large miners practically do not sell mined coins. A similar trend in BTC accumulation is observed among smaller mining companies. At the end of October, the Bitcoin network hashrate returned to spring levels and reached 188.666 Eh / s.