Data: Bitcoin miner income has increased by 185% since the halving, and currently earns $1 million per hour
According to Glassnode data, since Bitcoin’s halving, miners’ income has increased by 185%, and the current hourly income is $1 million, the highest level since July 2019.
This year, the price of Bitcoin continued to rise, and the enthusiasm for investment in the market was high, which in turn led to an increase in activities on the chain, and miners benefited from this. According to data, since mid-October, Bitcoin has shown a strong upward trend, with the price rising from around $11,000 to above the current $27,000, an increase of over 145%.
As currency prices increase, transaction demand increases, and chain activities are frequent, and the network may be congested. In this case, transaction fees will increase and miners’ income will further increase. Data shows that the current average transaction fee for Bitcoin is $8.4, an increase of more than 1580% from the beginning of the year.
According to Glassnode estimates, the total revenue of Bitcoin miners year-to-date is $13.8 billion. Last year, the annual income of global bitcoin miners was approximately 5.2 billion U.S. dollars. This means that the income of Bitcoin miners increased by 2.6 times.
In terms of mining companies, the share prices of some mining companies have also risen to varying degrees. According to Decrypt data, as of December 29, Bitcoin mining company HIVE Blockchain Technologies shares rose 27%. Riot Blockchain, a Colorado-based mining company, rose 22%, while shares of Marathon Patent Group, one of the largest mining companies in the United States, soared 12%.
