The profit of bitcoin miners in October 2021 amounted to $1.72 billion

October can be called more than fruitful, which brought bitcoin miners $ 1.72 billion. This figure has almost caught up with the record of May 2021 – $ 1.75 billion. Miners received $27.47 million from commissions alone, which amounted to 1.62% of the total amount of profit. The remainder of the amount went to the miners from the rewards for mining the block. 

Income from commissions began to decline in August, after which it began to rise by a small percentage on a monthly basis. Moreover, in the spring of 2021, the percentage of income from commissions was more than 10%. 

As you know, on October 20, bitcoin was able to reach a new historical maximum of more than $66,000. It is a completely natural fact that the income in US dollars has almost caught up with the previous record figures. After all, bitcoin miners receive their income in the BTC. Analysts of the Kraken cryptocurrency exchange clarify that the leading mining players rarely put the received coins on sale. The same situation regarding the accumulation of BTC can be traced in smaller mining structures. At the end of October, the hash rate of the Bitcoin network equated to the indicators of spring, reaching 188.666 Eh/s.