The daily revenue of Bitcoin miners stood at $44 million on November 12, a record for 2023, according to data provided by Blockchain.com.
This amount included blockchain mining rewards (6.25 BTC) and network fees.
Between April 2022 and October 2023, the crypto mining sector has experienced negative dynamics driven by a bear market. However, in November the figure increased along with Bitcoin growth, which has also reached yearly highs.
In parallel, the mining difficulty continues to update highs, reaching 64.68 T as a result of the latest recalculation.
The sector's recovery is also evident in reports from crypto mining companies. For example, Marathon Digital Holdings posted a net profit of $64.1 million in the third quarter of the year, which contrasts with the $72.5 million loss it suffered during the same period last year.