Bitcoin and Ethereum miners’ income rose in November, exceeding US$520 million and US$260 million respectively

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Bitcoin and Ethereum miners’ income rose in November, exceeding US$520 million and US$260 million respectively

On December 4, The Block Research data showed that Ethereum miners had revenue of approximately US$262 million in November, of which US$64.1 million came from transaction fees. This month became the third highest transaction fee month this year. Compared with October data ($214 million), Ethereum miners’ income in November rose 22%.

According to data, Ethereum miners had the highest income in September, reaching US$321 million, of which over US$170 million came from transaction fees. The month with the second highest income was August, where miners received $285 million.

The reason why the income of miners soared in August and September was mainly related to the outbreak of DeFi and the increase in network activity. Data shows that the average transaction fee of the Ethereum network once soared to $14.583, an increase of over 20,700% from the beginning of the year.

Like Ethereum miners, Bitcoin miners’ income also rose in November. Data shows that Bitcoin miners earned approximately US$521 million last month, of which nearly US$55 million came from transaction fees, an increase of 47.9% from the previous month.

From the current point of view, Bitcoin miners have the highest income in November, followed by February (507 million US dollars) and January (499 million US dollars). Similarly, the average transaction fee of the Bitcoin network also reached its highest level in the year at the end of October and early November, above $12.

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