Bitcoin Miners’ Revenue Lowest Since November 2020

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The rev­enue Bit­coin min­ers receive is tum­bling amid the depress­ing mar­ket con­di­tions and low­er prices. Some­what expect­ed, as the BTC dol­lar val­ue goes down, so do the pro­ceed­ings from mining.

  • Data from Blockchain.com reveals that the rev­enue bit­coin Min­ers get is tum­bling ever since the all-time high reached last year in November.
  • At the time of this writ­ing, it stands at around $11,670,337 for Novem­ber 26th – the low­est it has been in exact­ly two years.
img1_bitcoin_mining_revenue_271101
Source: Blockchain­Com

 

  • This is a func­tion of BTC’s declin­ing price, which also has an impact on oth­er inter­est­ing metrics.
  • For exam­ple, the num­ber of prof­itable days for Bit­coin has also declined to about 83.40%.
  • Since 2015, it’s been prof­itable to hold Bit­coin for rough­ly 3738 days. On the oth­er hand, it’s been unprof­itable to hold it for only 747 days.
img1_bitcoin_profitable_days_271101
Source: Blockchain­Com
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