Bitcoin miners earned $50B from BTC block rewards, fees since 2010
They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities. Bitcoin (BTC) miner s have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miner s over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price dips, new figures suggest that miners are firmly in the black in the long term. According to Glassnode, miners’ total all-time income is almost 40% higher than their estimated costs, coming in at $50.2 billion versus $36.6 billion, respectively. Bitcoin miner thermocap vs. cumulative production cost annotated chart. Source: Glassnode/ Twitter Researchers generated the numbers using two metrics: thermocap and transaction fees, which are “the cumulative sum of issuance multiplied by spot price in