The revenue Bitcoin miners receive is plummeting amid depressing market conditions and falling prices. Somewhat expected, as the dollar value of BTC decreases, the procedures of mining also decrease.
- Data from Blockchain.com reveals that the revenue bitcoin miners are getting has been plummeting since an all-time high reached last year in November.
- As of this writing, it stands at around $11,670,337 for November 26 – the lowest in exactly two years.
- This is a function of the fall in the price of BTC, which also impacts other interesting metrics.
- For example, the number of profitable days for Bitcoin has also decreased to around 83.40%.
- Since 2015, it has been profitable to hold Bitcoin for around 3738 days. On the other hand, it was not profitable to keep it for only 747 days.
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