In 5-10 days or so, the total "mining revenue" of the #Bitcoin network will surpass its previous all-time high. About $900 million on a trailing 12-month basis. That is - today - miners have earned $900 million, based on the prevailing daily BTC/US$ exchange rate, from all new coins they have "mined" - plus transaction fees - over the past 365 days.
$900 million. If you are curious, transaction fees at present comprise about 11% of this number, or $95 million.
This chart also plots the history of a valuation metric, still novel in the crypto space, charting Bitcoin's market cap divided by this mining revenue... in other words, a "price-to-sales" ratio.
That amounts to pretty good earnings!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit