Bitcoin Miners Reach $71.49 Billion Milestone

Bitcoin Miners Achieve Landmark Earnings

Bitcoin miners have reached a significant milestone, accumulating a total of $71.49 billion in earnings. This achievement marks the robust security and economic incentives of the Bitcoin network. The earnings comprise $67.31 billion in block subsidies and $4.18 billion in transaction fees.

On December 5, Bitcoin's price crossed the $100,000 threshold for the first time, briefly pushing its market capitalization past $2 trillion. This milestone came after 5,256 trading days, demonstrating the cryptocurrency's growth and resilience.

Mining and Network Statistics

Since the inception of Bitcoin, 19,791,952 BTC have been mined, representing 94.2% of the total 21 million supply cap. A total of 873,304 blocks have been mined, with Bitcoin's average block time standing at 11.8 minutes.

Network difficulty has seen significant adjustments, rising to 446,331,432,498,125,300,000,000, reflecting Bitcoin's growing security and computational power. The network's hashrate surged from 128,185 hashes/sec to over 804,407,834,059,443,100,000 hashes/sec by the time Bitcoin hit $100,000. Notably, 37% of the computed hash was achieved in 2024 alone.

Bitcoin's Transaction Growth

Bitcoin has processed 1.12 billion transactions to date, with a transfer volume of $131 trillion. The journey to a $100,000 price saw Bitcoin actively traded over 5,256 days, experiencing a wide range of price fluctuations.

Historically, Bitcoin has shown 72 positive monthly candles with an average increase of 37.4%, contrasted by 71 negative monthly candles averaging a 14.2% drop. Investors in this unprecedented market boom saw profits of $1.27 trillion, with losses totaling $592 billion on-chain.

Current Market Status

At the time of this milestone, Bitcoin's price was up nearly 2% in the last 24 hours, reaching $100,290, showcasing the continued interest and investment in the cryptocurrency market.