Bitcoin miners made over 200 percent more revenue in December 2023 when compared to the same month in 2022. This was according to blockchain data that measures mining revenue for BTC specifically. Miner revenue normally consists of both block rewards, the initial reward when mining a coin, and future transaction fees whenever someone uses the coin you mined. As of 2024, Bitcoin is the main coin that is being created via mining - or the concept of "Proof-of-Work" or PoW - after Ethereum moved away from this. PoW is seen by many as the main reason for Bitcoin's substantial energy consumption.
Bitcoin (BTC) mining revenue from July 2010 to December 2023
Characteristic
Bitcoin mining revenue (in million U.S. dollars)
Year-on-year percentage change (%)
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Statista, & Coin Metrics. (January 29, 2024). Bitcoin (BTC) mining revenue from July 2010 to December 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1343404/bitcoin-miner-revenue/
Statista, und Coin Metrics. "Bitcoin (BTC) mining revenue from July 2010 to December 2023." Chart. January 29, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1343404/bitcoin-miner-revenue/
Statista, Coin Metrics. (2024). Bitcoin (BTC) mining revenue from July 2010 to December 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1343404/bitcoin-miner-revenue/
Statista, and Coin Metrics. "Bitcoin (Btc) Mining Revenue from July 2010 to December 2023." Statista, Statista Inc., 29 Jan 2024, https://www.statista.com/statistics/1343404/bitcoin-miner-revenue/
Statista & Coin Metrics, Bitcoin (BTC) mining revenue from July 2010 to December 2023 Statista, https://www.statista.com/statistics/1343404/bitcoin-miner-revenue/ (last visited July 22, 2024)
Bitcoin (BTC) mining revenue from July 2010 to December 2023 [Graph], Statista, & Coin Metrics, January 29, 2024. [Online]. Available: https://www.statista.com/statistics/1343404/bitcoin-miner-revenue/