Bitcoin miners comprise reached a massive milestone, earning a cumulative $71.49 billion, in accordance to Glassnode.
On Dec. 5, after 5,256 trading days, the Bitcoin tag crossed $100,000 for the most predominant time, and the market capitalization briefly surpassed $2 trillion.
Per on-chain analytics platform Glassnode, Bitcoin miners comprise earned $71.49 billion since inception, demonstrating the network’s extra special security and economic incentives.
As of December 5, #Bitcoin miners comprise earned a cumulative $71.49 billion for securing the network and processing transactions. This entails $67.31 billion in block subsidies and $4.18 billion in transaction prices.
Review the chart: https://t.co/U9PqClQutV pic.twitter.com/b76G8Nu8M4
— glassnode (@glassnode) December 12, 2024
As of Dec. 5, when Bitcoin first hit $100,000, Bitcoin miners’ revenue for securing the network and processing transactions stood at $71.49 billion. This entails $67.31 billion in block subsidies and $4.18 billion in transaction prices. A complete of 19,791,952 BTC comprise been mined, representing 94.2% of the total 21 million provide cap.
For the rationale that Genesis Block, 873,304 blocks comprise been mined, with a median block time of 11.8 minutes for Bitcoin to reach the historic tag of $100,000 on Dec. 5, 2024. After 418 assign adjustments, besides sessions with out adjustment, network assign has risen to 446,331,432,498,125,300,000,000, as Bitcoin’s security and computational energy proceed to develop.
By the time Bitcoin reached $100,000, the network hashrate had elevated from 128,185 hashes/sec to bigger than 804,407,834,059,443,100,000 hashes/sec. Miners comprise collectively computed roughly 5.01 x 1028 hashes prior to now. Curiously, 37% of the complete computed hash occurred in 2024.
Bitcoin has furthermore seen excellent transaction growth. To this level, the network has efficiently processed 1.12 billion transactions (unfiltered). For the rationale that Genesis Block, Bitcoin has processed $131 trillion in transfer volume.
Bitcoin tag shuffle
Bitcoin topped $100,000 for the most predominant time on Dec. 5, taking three days to carry out a each day candle shut above $100,000.
Bitcoin’s tag has been actively traded for 5,256 days and has ranged from fractions of a cent to $100,000. This shuffle has seen 72 particular monthly candles (including December 2024), with a median amplify of 37.4%, and 71 unfavorable monthly candles, with a median tumble of -14.2%.
Per Glassnode, at some level of this period of unparalleled market enhance, merchants made an complete of $1.27 trillion in profit and -$592 billion in losses on-chain.
At the time of writing, BTC used to be up practically 2% within the closing 24 hours to $100,290.
