{"id":32038,"date":"2020-11-19T15:12:18","date_gmt":"2020-11-19T13:12:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32038"},"modified":"2025-08-28T06:43:50","modified_gmt":"2025-08-28T03:43:50","slug":"bitcoin-miners-revenue-hits-year-to-date-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-hits-year-to-date-high\/","title":{"rendered":"Bitcoin miners&#8217; revenue hits year-to-date high"},"content":{"rendered":"<p>On November 18, miners&#8217; daily revenue stood at $21.19 million. This was a record for 2020, according to Blockchain.com.<\/p>\n<div id=\\\"attachment_117096\\\" style=\\\"width: 918px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-117096\\\" class=\\\"wp-image-117096 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/revenue-2.png\\\" alt=\\\"Bitcoin miners' revenue hits year-to-date high\\\" width=\\\"908\\\" height=\\\"536\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/revenue-2.png 908w, https:\/\/u1f987.com\/wp-content\/uploads\/revenue-2-300x177.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/revenue-2-768x453.png 768w\\\" sizes=\\\"auto, (max-width: 908px) 100vw, 908px\\\" \/><\/p>\n<p id=\\\"caption-attachment-117096\\\" class=\\\"wp-caption-text\\\">Source: Blockchain.com.<\/p>\n<\/div>\n<p>Analytical firm Glassnode noted that the figure had returned to the pre-halving levels observed earlier. According to its data, on November 18 miners&#8217; revenue reached a record $20.48 million.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> miner revenue is back at pre-halving levels.<\/p>\n<p>Chart: <a href=\\\"https:\/\/t.co\/Ao9DodRwqi\\\">https:\/\/t.co\/Ao9DodRwqi<\/a> <a href=\\\"https:\/\/t.co\/PwUHPaKz8L\\\">pic.twitter.com\/PwUHPaKz8L<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\\\"https:\/\/twitter.com\/glassnode\/status\/1329150613255573505?ref_src=twsrc%5Etfw\\\">November 18, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Miner revenue collapsed after the block reward was halved on May 10. At the same time, the hash rate fell sharply.<\/p>\n<p>The hash power started to recover in June, and in October <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hash-rate-hits-record-high\">reached<\/a> an all-time high. At the end of the month <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hash-rate-falls-sharply-as-sichuans-rainy-season-ends\">occurred<\/a> another drop, which analysts linked to the end of the rainy season in China&#8217;s Sichuan province.<\/p>\n<div id=\\\"attachment_117098\\\" style=\\\"width: 1674px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-117098\\\" class=\\\"wp-image-117098 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-2-1.png\\\" alt=\\\"Bitcoin miners' revenue hits year-to-date high\\\" width=\\\"1664\\\" height=\\\"434\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-2-1.png 1664w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-2-1-300x78.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-2-1-1024x267.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-2-1-768x200.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-2-1-1536x401.png 1536w\\\" sizes=\\\"auto, (max-width: 1664px) 100vw, 1664px\\\" \/><\/p>\n<p id=\\\"caption-attachment-117098\\\" class=\\\"wp-caption-text\\\">Source: <a href=\\\"https:\/\/bitinfocharts.com\/ru\/comparison\/bitcoin-hashrate.html#1y\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">BitinfoCharts<\/a>.<\/p>\n<\/div>\n<p>The growth in miner revenues in November came amid the biggest drop in mining difficulty since 2011, the recovery of the hash rate, and a Bitcoin rally, which at its peak surpassed $18,400.<\/p>\n<p>Earlier media reported about problems facing Chinese Bitcoin miners in paying electricity bills.<\/p>\n<p>Subscribe to Forklog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 18, miners&#8217; daily revenue stood at $21.19 million. This was a record for 2020, according to Blockchain.com.<\/p>\n","protected":false},"author":1,"featured_media":32039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137],"class_list":["post-32038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32038"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32038\/revisions"}],"predecessor-version":[{"id":32040,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32038\/revisions\/32040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32039"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}