It’s big business these computers have to be state-of-the-art to make any money these days. Bitcoin started to rise in October, when it was about $10,500, to highs of just over $40,000 this month.īitcoin miners secure the blockchain by validating transactions by solving complicated math puzzles.
The pace picked up during this year’s bull run, which quadrupled the price of Bitcoin in under five months. Rafael Schultze-Kraft January 15, 2021Ĭumulative revenue today hit $20 billion, meaning that it has doubled in the past two years, according to Glassnode.Īll this shows that Bitcoin miners are deriving more revenue than ever from securing Bitcoin’s network. In the past 2 years, #Bitcoin miners have earned as much as in the first 10 years.
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