Mining Bitcoin made increasingly more money at the end of 2020, but profit growth seemingly stopped during March 2021. During the mining of cryptocurrencies, a computer is trying to solve complicated logic puzzles to verify transactions in the blockchain. When this process is completed, the miner receives cryptocurrency as a block reward. The underlying development is that machines with more computing power - or hashrate - are likely to solve more puzzles, and therefore mine more cryptocurrencies. Whether a miner can make money with this depends on various costs such as electricity consumption during this process, transaction fees or whether the hardware used is efficient or not.
Mining profitability of Bitcoin per day from July 2015 to February 27, 2025
(in U.S. dollar per day for one terahash/s)
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Mining profitability of Bitcoin per day from July 2015 to February 27, 2025
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BitInfoCharts. (February 28, 2025). Mining profitability of Bitcoin per day from July 2015 to February 27, 2025 (in U.S. dollar per day for one terahash/s) [Graph]. In Statista. Retrieved May 13, 2025, from https://www.statista.com/statistics/1224262/bitcoin-mining-profitability/
BitInfoCharts. "Mining profitability of Bitcoin per day from July 2015 to February 27, 2025 (in U.S. dollar per day for one terahash/s)." Chart. February 28, 2025. Statista. Accessed May 13, 2025. https://www.statista.com/statistics/1224262/bitcoin-mining-profitability/
BitInfoCharts. (2025). Mining profitability of Bitcoin per day from July 2015 to February 27, 2025 (in U.S. dollar per day for one terahash/s). Statista. Statista Inc.. Accessed: May 13, 2025. https://www.statista.com/statistics/1224262/bitcoin-mining-profitability/
BitInfoCharts. "Mining Profitability of Bitcoin per Day from July 2015 to February 27, 2025 (in U.S. Dollar per Day for One Terahash/S)." Statista, Statista Inc., 28 Feb 2025, https://www.statista.com/statistics/1224262/bitcoin-mining-profitability/
BitInfoCharts, Mining profitability of Bitcoin per day from July 2015 to February 27, 2025 (in U.S. dollar per day for one terahash/s) Statista, https://www.statista.com/statistics/1224262/bitcoin-mining-profitability/ (last visited May 13, 2025)
Mining profitability of Bitcoin per day from July 2015 to February 27, 2025 (in U.S. dollar per day for one terahash/s) [Graph], BitInfoCharts, February 28, 2025. [Online]. Available: https://www.statista.com/statistics/1224262/bitcoin-mining-profitability/
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