Over the past two years, BTC miners have earned the same amount as in the first decade of Bitcoin’s existence.
The impressive statement, written by Rafael Schulze-Kraft, CTO at Glassnode, is based on data from Glassnode on the total revenue of Bitcoin miners.
In the past 2 years, #Bitcoin miners have earned as much as in the first 10 years.
https://t.co/mVgeDv9Yi3
– Rafael Schultze-Kraft (@ n3ocortex) January 15, 2021
According to the analyst company, at the moment the total revenue is already $ 20 billion, which means that in the past two years it has doubled.
All of this shows that the revenues generated by bitcoin miners for running the bitcoin network are now higher than ever.
The pace of income growth picked up during the recent bull run that quadrupled the price of bitcoin in less than five months. The bitcoin rate began to rise in October, then the price was about $ 10,500, while this month it went beyond $ 40,000.
Bitcoin miners make the blockchain work by verifying transactions as a result of solving complex math problems. This is a big business, and in order to earn some money in it today, the devices must be ultra-modern.
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