Fast Take
Bitcoin miner income at the moment stands at roughly $25.5 million, marginally surpassing the 365-day Easy Shifting Common (SMA) of $22.5 million.
This monetary state of affairs attracts noteworthy similarities to the sample seen in 2019 through the earlier bear market when the income ultimately dipped under the 365 SMA, prompting speculations about potential parallels in tendencies.
Including to this, an all-time low has been recorded within the Miner Income per Exahash, as decided by Glassnode.
This metric evaluates the every day revenue of miners, contemplating their projected contribution to community hash energy. To calculate this, the whole miner revenue, denominated in USD or Bitcoin (together with subsidy and costs), is split by the present hash price (in EH/s). Presently, this works out to round 2.33 Bitcoin or $60,677 every day, marking a major dip.
These figures underscore the volatility and sensitivity inherent in Bitcoin mining revenues, suggesting that shifts in quantitative metrics can have important repercussions on the monetary outlook of this sector.
The publish Bitcoin mining income simply edges previous year-long common appeared first on CryptoSlate.
