Bitcoin miner revenue by TH/s hits a new record high in 2020

EcosystemsDecember 29, 2020, 4:55AM EST
UPDATED: December 29, 2020, 5:01AM EST
Bitcoin miner revenue by TH/s hits a new record high in 2020
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Bitcoin miner revenue measured by terahash per second (TH/s) has hit a new record high this year, according to data tracked by The Block Research.

The latest data shows that each bitcoin miner is making $0.19 daily per TH/s of computing power — the highest amount this year. The last highest figure this year was $0.17, in February, when bitcoin was trading at around $10,500 prior to the halving event. The Block's data uses a 7-day moving average for mining revenue per TH/s.

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In terms of total dollar revenue, bitcoin miners made $24.27 million just yesterday, out of which $21.59 million came from block subsidies and the rest from transaction fees.

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While the revenue is increasing, bitcoin mining difficulty, an indicator of competition among bitcoin miners, has been steady for about a month. The current difficulty is 18.60 T (trillion) compared to its all-time high of around 20 T recorded in October.