The total revenue of bitcoin miners has roughly doubled over the past two years. This trend has been highlighted by analysts at the Glassnode platform.
Since the network’s inception, miners have been able to collectively earn $20 billion.
If you look at the graph presented by the researchers, you can see that BTC mining revenues have been increasing throughout the history of the cryptosphere. Even small dips have failed to break the overall positive trend.
The network is getting safer, the experts stressed. One of them, Raphael Schultze-Kraft, noted on Twitter that bitcoin miners have earned as much in the last two years as they did in the first ten years of the network’s existence.
As of Saturday, January 16, the BTC exchange rate is holding just above $36,700. Over the past 24 hours, bitcoin’s capitalisation has fallen 2.9% to $683.146 billion.
According to Blockchain.com, the network’s hash rate is approaching 150 exahashes per second (EH/s). The total income of miners on 15 January was about $41.73m.