Lumerin

Bitcoin

Bitcoin's network health gleams as transaction fees soared, comprising 21% of miners' block rewards. The unprecedented spike in fees reflects a robust demand for block space, signaling a vibrant Bitcoin economy. The Lumerin Protocol highlighted that last week witnessed the hash price peaking at $95, twice daily. This surge in hashing activity underscores the network's growing security and miner commitment, according to <a href="https://twitter.com/HelloLumerin/status/1726628099813470573">HelloLumerin</a>. 
<a href="https://ultramining.com/news/en/luxor-innovates-with-extended-contracts-and-daily-settlements-for-enhanced-bitcoin-mining/">Luxor</a> Technology's data reveals a staggering 128.7% jump in ASIC sales for October, illustrating the bullish sentiment among miners. The robust sales figures are a testament to miners doubling down on their <a href="https://ultramining.com/hardware/">hardware</a> investments, banking on Bitcoin's long-term value. 
Miners continue to enjoy healthy profit margins. Despite the network's increasing difficulty, the resilience of <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">Bitcoin's price</a> ensures a profitable mining environment. This financial viability is crucial for the network's sustained security and integrity, as it encourages ongoing mining activity.

Bitcoin Hash Surge Boosts Miner Profits Amid ASIC Sales Boom

Ultramining_Eng

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