Bitcoin Miners’ Revenue Lowest Since November 2020

Bitcoin miner revenue is at its lowest point since November 2020 as the price continues to struggle around $16.5K.

The revenue Bitcoin miners receive is tumbling amid the depressing market conditions and lower prices. Somewhat expected, as the BTC dollar value goes down, so do the proceedings from mining.

• Data from Blockchain.com reveals that the revenue bitcoin Miners get is tumbling ever since the all-time high reached last year in November.

• At the time of this writing, it stands at around $11,670,337 for November 26th – the lowest it has been in exactly two years.

• This is a function of BTC’s declining price, which also has an impact on other interesting metrics.

• For example, the number of profitable days for Bitcoin has also declined to about 83.40%.

• Since 2015, it’s been profitable to hold Bitcoin for roughly 3738 days. On the other hand, it’s been unprofitable to hold it for only 747 days.

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