Bitcoin miners revenue in terms of terahashes per second (TH/s) has hit its highest level this year, according to data provided by The Block.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Based on the portal's observations, Bitcoin miners now earn $0.19 per day per TH/s. The previous local high was reached in February at $0.17, even before the Bitcoin halving that took place in May. The calculation was made on the basis of a 7-day moving average.
The current values are below the historical maximum reached on December 22, 2017, at $3.56. This is due to the fact that competition for rewards and the level of development of the teams was significantly lower. At the end of 2017, the Bitcoin hashrate was approximately 15 EH/s, and now stands at 134 EH/s.
Yesterday, the Bitcoin miners revenue was $24.27M, of which $21.59M came from rewards for adding blocks and the rest from fees. Therefore, the average hourly income of the miners is now about $1M.
As the analysts at Glassnode have highlighted, miners are not spending more Bitcoins than usual, in spite of the current update of the historical price peaks.