2024

Bitcoin

<p>Bitcoin miners have earned over 70 billion dollars since the creation of the Bitcoin network. An analysis reveals that BTC users have paid miners a total of 71.49 billion dollars, which represents only 3.6% of the record market capitalization of 2 trillion dollars achieved by BTC.</p>
<h2 id="h-bitcoin-miners-have-earned-only-3-6-since-the-creation-of-btc">Bitcoin miners have earned only 3.6% since the creation of BTC</h2>
<p>The miners’ revenue consists of two main sources: block subsidies and transaction fees. Of the 71.49 billion dollars, 67.31 billion comes from block subsidies, which refers to the creation of new BTC; and 4.18 billion comes from transaction fees paid by users. This distribution shows that transaction fees represent a small fraction of the total revenues of <a href="https://www.cointribune.com/lexique/mineur/" target="_blank" rel="noopener noreferrer nofollow">miners</a>.</p>
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<p>Despite the significant gains made by miners, their revenue represents only a tiny part of the total market capitalization of BTC. This situation highlights the “tremendous” security value provided by miners to the Bitcoin network. Indeed, the BTC network has processed a cumulative volume of 131.25 trillion dollars in transactions, underscoring the importance of the security provided by miners.</p>
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<h2 id="h-a-prosperous-year-for-btc-miners">A Prosperous Year for BTC Miners</h2>
<p>Despite these alarming figures <a href="https://insights.glassnode.com/the-week-onchain-week-50-2024/" target="_blank" rel="noopener noreferrer nofollow">present in this analysis</a>, BTC miners continued to thrive in 2024, facing the challenges of the market. Publicly traded Bitcoin mining companies, such as Hut 8 and MARA Holdings, saw their stocks rise and continued to accumulate BTC. Hut 8, for example, announced a share buyback program to create a strategic reserve of bitcoin, while MARA Holdings acquired bitcoins valued at 600 million dollars in early December.</p>
<p>In summary, although BTC miners have earned billions of dollars, their revenue represents a small fraction of the total market capitalization of bitcoin. This situation underscores the importance of <a href="https://www.cointribune.com/securite-bitcoin-le-guide-ultime/" target="_blank" rel="noopener noreferrer nofollow">the security</a> provided by miners and the robustness of the Bitcoin network.</p>

Here Is What Bitcoin Miners Actually Earn In 2024

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