BTC miners earn only 3.6% of record $2T market cap!

Bitcoin mining is a very familiar term to us because we know that Bitcoin miners are rewarded with it. However, they have to do some work for the rewards they receive through mining. These miners help prevent double-spending problems, especially when the Bitcoin ecosystem verifies transactions and ensures their accuracy. But the interesting thing here is that there is a bitcoin owner who basically illegally spends the same bitcoin twice. And when a miner solves the problem of a new block he is rewarded with a certain amount of Bitcoins. But the reward is basically awarded to the miner who can do this first. And this type of reward is basically known as block reward. It encourages miners to use their resources in mining operations. Bitcoin miners have earned over $70 billion since the creation of the Bitcoin network.

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Onchain analytics resource Glassnode released an analysis two days ago where they show that since Bitcoin's creation, Bitcoin users have paid $71.49 billion to miners. Mining revenues reflect "excellent" safety standards. When the price of Bitcoin touched $100,000, it was a lucrative opportunity for Bitcoin miners and it certainly represents a staggering figure if we look at the history of the industry as well. However, despite the amount of money Bitcoin miners have earned since Bitcoin's creation, their revenue accounts for a tiny fraction of Bitcoin's market cap.

A statistic shows that Bitcoin miners have earned around $71.49 billion since the creation of Bitcoin. Along with the valuable block reward on the day the block was mined But the amount of money they made included $67.31 billion in block subsidy from the creation of new coins. The rest of the money they make comes from transaction fees paid by users. Currently the amount of money that miners have made so far represents only 3.57% of Bitcoin's total market cap, which was at the $2 trillion market cap peak. Arguably the input reflects a tremendous return on the security budget. How relatively small is the mining revenue from transaction fees among the rewards these miners receive. Fees alone accounted for $4.18 billion of the money they made.

Bitcoin miners profit the most when Bitcoin reaches all-time high prices. Currently, Bitcoin miners' profits have been strong in a year when Bitcoin repeatedly hit new all-time highs. Especially as Bitcoin rebounds with hashrates near all-time highs and a highly distributed holder base, Bitcoin is well positioned for its increasingly important role on the world stage. Bitcoin's reward is halved every four years when the Bitcoin halving is completed. As in other years, this year also coincides with the completion of the Bitcoin halving, when the reward for miners is halved, and the price of Bitcoin rises during these times mainly due to a slight decrease in supply.