Bitcoin Mining Profitability Surges 29% in November Amid BTC Rally

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Bitcoin Mining Profitability Surges 29% in November Amid BTC Rally Bitcoin mining profitability has seen a sharp increase of nearly 30% in the first half of November 2024, buoyed by Bitcoin’s price rally and rising transaction fees.

According to a JPMorgan report cited by CoinDesk, the total market capitalization of U.S.

This growth underscores the heightened activity and competitiveness in the mining sector, with global hashrate reaching new highs.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaUnited States

Topics: Bitcoin News Bitcoin Mining Profitability

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 14:58:02 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23700449

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 10 hours ago

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