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25-12-20241 min read
News - Bitcoin mining revenues have risen above $50 billion
Every day Bitcoin mining achieves new revenue records. Since the Genesis block, BTC miners have made huge profits.
According to data from Glassnode amount to the cumulative revenues of mining more than $50 billion. With a total cost of $36.6 billion since the Genesis block.
Since #Bitcoin's inception, Miners have earnt a total revenue of $50.2B from the block subsidy and fees, for an all-time estimated input cost of $36.6B.
— glassnode (@glassnode) May 2, 2023
This places the all-time-aggregate profit margin for Miners at $13.6B (+37%). pic.twitter.com/TYvBSZbsRo
Dti thus brings the total profit margin for miners to $13.6 billion," Glassnode said.
When the price of Bitcoin crashed after the collapse of FTX, the mining industry faced almost insurmountable challenges. However, with the recovery of crypto market prices, the crisis could be over by 2023.
