On May 3, 2024, the daily income of miners dropped to 437.28 BTC – $28.4 million, according to Glassnode. This is a new low from the end of June 2021, when the figure dropped to 388.6 BTC.
As of May 5, 2024, the daily income of Bitcoin miners increased to 558.6 BTC. However, this is still significantly lower than the pre-halving level, when the figure was over 1000 BTC:
The Blockchain.com portal provides other data. Unlike Glassnode, here the indicator is calculated in dollar terms.
The general trend is the same. However, the minimum in this case will be from August 2023, which can be explained by fluctuations in the asset price:
Let us remind you that on April 20, 2024, a halving took place on the Bitcoin network, which reduced the miners’ reward for each block to 3.125 BTC.
Despite this, miners’ income remained at a consistently high level for some time. On April 20, the indicator completely updated its historical maximum.
This is dictated by the increase in commissions on the Bitcoin network amid the launch of the Runes protocol.
Later, commissions fell, which led to a drawdown in miners’ income. As of May 5, 2024, the figure is $12.6, according to BitInfoCharts. For comparison, immediately after the halving it fluctuated above $100.
Source: Cryptocurrency
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