In November, Bitcoin Mining Income Decreased By 20%

According to statistics from The Block Research, Bitcoin mining earnings decreased by 19.9% in November to $472.64 million.

As a result of FTX’s drop, the price of the cryptocurrency, which had been hovering around $19,000 for the previous month, fell below $17,000.

The vast majority of bitcoin mining income comes from the block reward subsidies ($460.32 million), while just a minor fraction comes from transaction fees ($12.32 million). The proportion of bitcoin transaction fees to overall income climbed to around 3%.

Bitcoin miners produced around 5,3 times more income than Ethereum investors.