In October, bitcoin miners experienced a significant increase in revenue, with a 25.05% rise compared to September. They earned a total of $1.02 billion, generated from block rewards and onchain fees. The growth in onchain fees was especially notable, with a 241.91% increase from the previous month. Bitcoin's total computational power also reached a record high. The faster block intervals suggest a possible 7.5% jump in difficulty, which could lead to new challenges and opportunities for the mining sector in early November. However, the spot market hashprice has decreased recently due to bitcoin's drop in value.



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