Bitcoin miners earned $50B from BTC block rewards, fees since 2010

Bitcoin (BTC) miners have actually benefited approximately 37% from mining Bitcoin considering that its creation, brand-new information reveals.Calculations from on-chain analytics firm Glassnode suggest that considering that 2010, charges and obstruct benefit subsidies have netted miners over $50 billion.Bitcoin miner income passes $50 billion markAmid an continuous argument over miner costs and vulnerability to Bitcoin cost dips, brand-new figures recommend that miners are strongly in the black in the long term.According to Glassnode, miners total all-time income is practically 40% higher than their estimated expenses, coming in at $50.2 billion versus $36.6 billion, respectively.Bitcoin miner thermocap vs. cumulative production cost annotated chart. Source: Glassnode/ TwitterResearchers generated the numbers using 2 metrics: thermocap and deal charges, which are “the cumulative sum of issuance increased by area rate in addition to all-time produced cost earnings” and trouble production cost.In a dedicated report in late March, Glassnode explained the nuances behind the estimations while arriving at the 37% revenue margin still in place today.”In this model, the Thermocap and Transaction Fees can be thought about the realized income by miners, whilst the Difficulty Production Cost is considered the aggregate mining input expenditure,” the report explains.The results counter fears that too low a BTC/USD rate could spark mass capitulation across the mining market, which continues to grow.Bitcoin network basics support the argument, with trouble and hash rate both striking new all-time highs throughout 2023.