The total revenue generated by Bitcoin (BTC) miners during the month of September has never been lower since November 2020.
The total value of bitcoins mined by cryptocurrency miners over the past month is approx. $550.5 million it happened.
The total amount of income Bitcoin miners earn monthly, six months in a row falling and It’s never been this low since November 2020 had not been.
Bitcoin miners earn the bulk of their revenue (more than $540 million). thanks to block rewards is getting. If the remainder from transaction fees paid by users is coming.
Ethan Vera, COO of Luxor Technologies, told the press, “As the mining industry deteriorated, high-cost but low-productivity miners began to stop working.” said.
Many cryptocurrency miners had to sell their devices due to the decline in the market.