Bitcoin Miners’ Revenue Hit $71 Billion in Epic Milestone: Details By U.Today
From Investing.com
December 12, 2024 1:00 pm:
Bitcoin miners have earned a cumulative $71.49 billion since inception, showcasing the network’s security and economic incentives. The price of Bitcoin crossed $100,000 on Dec. 5, with a market capitalization briefly exceeding $2 trillion. Miners have made $67.31 billion in block subsidies and $4.18 billion in transaction fees, with 19,791,952 BTC mined, representing 94.2% of the total supply cap.
Since the Genesis Block, 873,304 blocks have been mined, with an average block time of 11.8 minutes leading to Bitcoin hitting $100,000 on Dec. 5, 2024. Network difficulty has risen to 446,331,432,498,125,300,000,000 after 418 adjustments, showcasing Bitcoin’s growing security and computational power. The network hashrate has surged from 128,185 hashes/sec to over 804,407,834,059,443,100,000 hashes/sec, with 37% of the total hash computed in 2024.
Bitcoin has processed 1.12 billion transactions and $131 trillion in transfer volume. The price of Bitcoin surpassed $100,000 for the first time on Dec. 5 after being traded actively for 5,256 days. Investors have profited $1.27 trillion and incurred -$592 billion in losses on-chain during the market boom. BTC was trading at $100,290, up nearly 2% in the last 24 hours.
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