The first month of 2021 is behind us, and what a month it was! Bitcoin (BTC) reached a new all-time high (ATH), which is, of course, good news for miners. On top of that, the network reached an important milestone in January regarding the cumulative bitcoin miner revenue!
Bitcoin miner revenue crosses historical level
Over the years, Bitcoin as a network has grown into something incredible. A worldwide network on which users can send whatever amount of money they like for low transaction costs, without needing a bank to transfer the money. Miners have grown in numbers and power, which translates into a healthy network, revolutionizing the financial world as we know it.
Glassnode, a company that analyzes on-chain data found on the bitcoin blockchain, recently noted on Twitter that miners together generated $20 billion since Bitcoin launched. This amount has doubled over the past two years, showing the rapid growth of the bitcoin mining market.