Bitcoin Miners’ Income Hit $71 Billion in Epic Milestone: Particulars

U.Right this moment – Bitcoin miners have reached a monumental milestone, incomes a cumulative $71.49 billion, in keeping with Glassnode.

On Dec. 5, after 5,256 buying and selling days, the Bitcoin value crossed $100,000 for the primary time, and the market capitalization briefly surpassed $2 trillion.

In response to on-chain analytics platform Glassnode, Bitcoin miners have earned $71.49 billion since inception, demonstrating the community’s sturdy safety and financial incentives.

As of Dec. 5, when Bitcoin first hit $100,000, Bitcoin miners’ income for securing the community and processing transactions stood at $71.49 billion. This consists of $67.31 billion in block subsidies and $4.18 billion in transaction charges. A complete of 19,791,952 BTC have been mined, representing 94.2% of the full 21 million provide cap.

For the reason that Genesis Block, 873,304 blocks have been mined, with a median block time of 11.8 minutes for Bitcoin to succeed in the historic value of $100,000 on Dec. 5, 2024. After 418 issue changes, excluding intervals with out adjustment, community issue has risen to 446,331,432,498,125,300,000,000, as Bitcoin’s safety and computational energy proceed to develop.

By the point Bitcoin reached $100,000, the community hashrate had elevated from 128,185 hashes/sec to greater than 804,407,834,059,443,100,000 hashes/sec. Miners have collectively computed roughly 5.01 x 1028 hashes thus far. Curiously, 37% of all the computed hash occurred in 2024.

Bitcoin has additionally seen distinctive transaction progress. Up to now, the community has efficiently processed 1.12 billion transactions (unfiltered). For the reason that Genesis Block, Bitcoin has processed $131 trillion in switch quantity.

Bitcoin value journey

Bitcoin topped $100,000 for the primary time on Dec. 5, taking three days to attain a every day candle shut above $100,000.

Bitcoin’s value has been actively traded for five,256 days and has ranged from fractions of a cent to $100,000. This journey has seen 72 optimistic month-to-month candles (together with December 2024), with a median enhance of 37.4%, and 71 unfavorable month-to-month candles, with a median drop of -14.2%.

In response to Glassnode, throughout this era of unprecedented market growth, buyers made a complete of $1.27 trillion in revenue and -$592 billion in losses on-chain.

On the time of writing, BTC was up practically 2% within the final 24 hours to $100,290.

This text was initially printed on U.Right this moment