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 <p class="is-style-lead">Bitcoin <a rel="noopener noreferrer nofollow" title="miners" href="https://thebittimes.com/tag/miners.html">miners</a> recorded their <a rel="noopener noreferrer nofollow" title="annual" href="https://thebittimes.com/tag/annual.html">annual</a> all-time high, earning over $44 million in block rewards and transaction fees.</p>
 <p>Miners’ income primarily comes from rewards for confirming BTC transactions and creating new blocks using high-tech computer equipment known as mining rigs.</p>
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   <img decoding="async" width="1498" height="1176" src="https://cdn.thebittimes.com/images/2023/11/13/fd2c3bd1d4f06d565d09ed5ffc9e938e.webp" alt="Bitcoin miners hit annual high with over $44m in revenue - 1"> 
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   Source: blockchain.com
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 <p>Miners currently receive 6.25 BTC for each successful block creation in addition to the transaction fee. According to data from blockchain.com, on Nov. 12, <a rel="noopener noreferrer nofollow" title="miners" href="https://thebittimes.com/tag/miners.html">miners</a> earned $44 million.</p>
 <p>Between April 2022 and November 2023, several factors contributed to the decline in <a rel="noopener noreferrer nofollow" title="revenue" href="https://thebittimes.com/tag/revenue.html">revenue</a> for Bitcoin <a rel="noopener noreferrer nofollow" title="miners" href="https://thebittimes.com/tag/miners.html">miners</a> worldwide. These include a prolonged bear market, negative investor sentiment regarding fraud and ecosystem collapse, and unfriendly regulations that prevent investors from freely transacting in Bitcoin.</p>
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 </div>
 <h2 class="wp-block-heading" id="bitcoin-mining-difficulty-also-increased">Bitcoin mining difficulty also increased</h2>
 <p>Meanwhile, Bitcoin mining difficulty increased by 3.55%, setting the ATH. An increase in the difficulty of mining has been observed since the end of September this year. With each update of statistics, it breaks the previous record.</p>
 <p>The previous one was recorded on Oct. 30, when the indicator reached 62.46. Increasing the mining difficulty reduces the time until the next halving. This event will likely take place in April 2024.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin mining difficulty reached new maximum
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-miners-hit-annual-high-with-over-44m-in-revenue-tbt70085.html">https://thebittimes.com/bitcoin-miners-hit-annual-high-with-over-44m-in-revenue-tbt70085.html</a></p>

Bitcoin miners hit annual high with over $44m in revenue

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