LATEST: Bitcoin Miners Enjoy $131.45 Million Surge in October Revenue

In a month dubbed ‘Uptober,’ Bitcoin miners celebrated a windfall, with revenues surging by $131.45 million compared to September. The rise in BTC prices significantly boosted earnings, despite a slight $5.44 million dip in fee income. October marked the second-highest monthly revenue of 2023, only trailing behind May. Foundry USA led the pack with 28% of block rewards, followed closely by Antpool with 27%. A total of 43 mining pools contributed an impressive 463 exahash per second to the Bitcoin blockchain. However, October also saw the most significant network difficulty challenge in Bitcoin’s history, hitting 62.46 trillion.

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