Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP -price flashes Death Cross from 2017 that could activate 325% Rally to $ 9

2025-05-11

Asset Management Giant BlackRock held a meeting with SEC to discuss Crypto institution, tokenization and more

2025-05-11

Tether to make non-right wallet template: Details

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11

    Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will Bitcoin Miners’ Fortunes Rise Again?
Bitcoin

Will Bitcoin Miners’ Fortunes Rise Again?

2023-12-04No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bitcoin’s jump to over $41,000 increased the miners’ hash price.
  • Nearly 11% of block mining rewards came from transaction fees.

The weekend fun increased for crypto enthusiasts like Bitcoin [BTC]The world’s largest digital asset by market capitalization rose above $41,000 for the first time since April 2022.

At the time of publication, BTC exchanged hands for $41,322, AMBCrypto noted CoinMarketCaps facts.

The optimism surrounding spot ETF approvals has been a major catalyst behind the pump, as AMBCrypto has reported in several of our recent articles.

Miners celebrate high ROI

Like other participants, Bitcoin miners were also in a festive mood.

Hashprice, considered a key barometer of miner profitability, jumped to a six-month high of $87 per PetaHashes per second per day (PH/s/day), data sourced from the Hashrate Index showed.

In fact, at the time of writing, the hash price has more than tripled in value since the rally began in mid-October.

Source: Hashrate index

Hashprice is a well-known mining metric that quantifies how much a miner can expect to earn with a specific amount of hash rate. It is positively correlated with changes in Bitcoin’s price, which explains its significant increase in value.

The higher returns on investments in expensive mining equipment indicated sustainability in the mining sector. The lucrativeness could pave the way for more players to enter the sector.

Network costs are rising

In addition to the price of Bitcoin, the hash price is also directly related to the transaction fees that miners earn. At the time of writing, almost 11% of mining rewards came from fees, marking a significant increase in recent days.

See also  Bloomberg Expert Analyst Explains Why A Fall To $10,000 Isn’t Bad For Bitcoin

With Bitcoin block rewards decreasing every four years, miners’ dependence on fees is sure to increase. In light of this, the increase in reimbursements was a positive development.

Source: Hashrate index


Read Bitcoins [BTC] Price prediction 2023-24


This was further investigated by AMBCrypto using Glassnode data. As shown below, fees trended lower for much of 2023, with the exception of the spikes driven by Ordinals. The increase increased miners’ total income.

Going forward, continued periods of high on-chain traffic, and therefore costs, could help offset the downsides of lower rewards.

Source: Glassnode

Source link

Bitcoin fortunes miners Rise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

2025-05-11

Bitcoin Bulls Beware! – This price can be a high -leverage false door

2025-05-11

Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

2025-05-11

Loss Bitcoin -bears? $ 31 million wiped out in BTC Shorts Liquidation

2025-05-11
Add A Comment

Comments are closed.

Top Posts

North Carolina’s governor vetoes a bill that would have banned a US CBDC in the state

2024-07-09

peaq connects to over 30 Web3 ecosystems: unlocking billions in liquidity

2024-01-24

21Shares launches Bitcoin, Solana and XRP ETPs on Nasdaq Stockholm

2025-03-24
Editors Picks

DeGods Debuts Season 3 with ‘Art Downgrade’

2023-08-15

$ 227,000,000 to tokens moved to crypto fairs before 90% price information from Mantra: data on the chain

2025-04-15

ETransfer revolutionizes the transfer of cryptocurrencies on a Blockchain

2023-12-22

Ethereum Price Poised for a Comeback: Can It Break $2,700?

2024-09-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP -price flashes Death Cross from 2017 that could activate 325% Rally to $ 9

Asset Management Giant BlackRock held a meeting with SEC to discuss Crypto institution, tokenization and more

Tether to make non-right wallet template: Details

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,419.801.14%
  • ethereumEthereum(ETH)$2,505.530.81%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.37-1.69%
  • binancecoinBNB(BNB)$652.610.01%
  • solanaSolana(SOL)$172.540.28%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.231390-1.11%
  • cardanoCardano(ADA)$0.81-0.11%
  • tronTRON(TRX)$0.2651651.60%
  • suiSui(SUI)$4.010.32%
  • chainlinkChainlink(LINK)$16.981.42%
  • avalanche-2Avalanche(AVAX)$24.761.12%
  • stellarStellar(XLM)$0.3077520.89%
  • shiba-inuShiba Inu(SHIB)$0.0000160.37%
  • hedera-hashgraphHedera(HBAR)$0.205207-3.32%
  • the-open-networkToncoin(TON)$3.37-0.06%
  • hyperliquidHyperliquid(HYPE)$24.63-2.60%
  • bitcoin-cashBitcoin Cash(BCH)$410.61-2.13%
  • polkadotPolkadot(DOT)$5.110.92%
  • unus-sed-leoUNUS SED LEO(LEO)$8.37-2.07%
  • piPi(PI)$1.0946.82%
  • litecoinLitecoin(LTC)$100.37-2.75%
  • moneroMonero(XMR)$336.784.75%
  • bitget-tokenBitget Token(BGB)$4.870.63%
  • pepePepe(PEPE)$0.0000132.26%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.921.24%
  • bittensorBittensor(TAO)$453.880.44%
  • nearNEAR Protocol(NEAR)$3.172.50%
  • aptosAptos(APT)$5.902.19%
  • aaveAave(AAVE)$220.40-1.55%
  • okbOKB(OKB)$55.150.27%
  • ondo-financeOndo(ONDO)$1.04-1.88%
  • kaspaKaspa(KAS)$0.1165958.02%
  • internet-computerInternet Computer(ICP)$5.722.81%
  • ethereum-classicEthereum Classic(ETC)$19.88-0.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.78-3.48%
  • render-tokenRender(RENDER)$5.22-0.82%
  • mantleMantle(MNT)$0.803.00%
  • vechainVeChain(VET)$0.0312100.84%
  • gatechain-tokenGateToken(GT)$21.83-1.48%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256815-2.27%
  • crypto-com-chainCronos(CRO)$0.098753-2.27%
  • ethenaEthena(ENA)$0.4091364.66%
  • arbitrumArbitrum(ARB)$0.4558285.20%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • filecoinFilecoin(FIL)$3.161.38%
  • cosmosCosmos(ATOM)$5.303.43%
  • bitcoinBitcoin(BTC)$104,419.801.14%
  • ethereumEthereum(ETH)$2,505.530.81%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.37-1.69%
  • binancecoinBNB(BNB)$652.610.01%
  • solanaSolana(SOL)$172.540.28%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.231390-1.11%
  • cardanoCardano(ADA)$0.81-0.11%
  • tronTRON(TRX)$0.2651651.60%
  • suiSui(SUI)$4.010.32%
  • chainlinkChainlink(LINK)$16.981.42%
  • avalanche-2Avalanche(AVAX)$24.761.12%
  • stellarStellar(XLM)$0.3077520.89%
  • shiba-inuShiba Inu(SHIB)$0.0000160.37%
  • hedera-hashgraphHedera(HBAR)$0.205207-3.32%
  • the-open-networkToncoin(TON)$3.37-0.06%
  • hyperliquidHyperliquid(HYPE)$24.63-2.60%
  • bitcoin-cashBitcoin Cash(BCH)$410.61-2.13%
  • polkadotPolkadot(DOT)$5.110.92%
  • unus-sed-leoUNUS SED LEO(LEO)$8.37-2.07%
  • piPi(PI)$1.0946.82%
  • litecoinLitecoin(LTC)$100.37-2.75%
  • moneroMonero(XMR)$336.784.75%
  • bitget-tokenBitget Token(BGB)$4.870.63%
  • pepePepe(PEPE)$0.0000132.26%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.921.24%
  • bittensorBittensor(TAO)$453.880.44%
  • nearNEAR Protocol(NEAR)$3.172.50%
  • aptosAptos(APT)$5.902.19%
  • aaveAave(AAVE)$220.40-1.55%
  • okbOKB(OKB)$55.150.27%
  • ondo-financeOndo(ONDO)$1.04-1.88%
  • kaspaKaspa(KAS)$0.1165958.02%
  • internet-computerInternet Computer(ICP)$5.722.81%
  • ethereum-classicEthereum Classic(ETC)$19.88-0.06%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.78-3.48%
  • render-tokenRender(RENDER)$5.22-0.82%
  • mantleMantle(MNT)$0.803.00%
  • vechainVeChain(VET)$0.0312100.84%
  • gatechain-tokenGateToken(GT)$21.83-1.48%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256815-2.27%
  • crypto-com-chainCronos(CRO)$0.098753-2.27%
  • ethenaEthena(ENA)$0.4091364.66%
  • arbitrumArbitrum(ARB)$0.4558285.20%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • filecoinFilecoin(FIL)$3.161.38%
  • cosmosCosmos(ATOM)$5.303.43%