Bitcoin miners have seen a jump in their overall income in the last few weeks amid a surge in revenue from block rewards.
Data shows that Bitcoin mining revenue jumped above the $40 million/day level in October, which is up by +275% since the pre-halving period of $14M to $18M/day.
One of the major reasons behind that is BTC’s significant price rally since the halving event. Bitcoin is up by more than 500% since May 2020.
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