Bitcoin miners have collectively earned more than $2 billion - page 2.

LoyceV

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This is a terrible way to use a bar graph! If it is cumulative, it should be 1 bar with 4 different colors (one for each year).
Now it looks like 2016 earned them 2.1 billion, while it is closer to 0.6 billion.

Quote from: botany on April 12, 2017, 10:57:51 AM

And this would exclude the transaction fees.....

The next image in the article answers this:

Just under $14 million last year.

I can make a very rough estimate for this year: fees are now around 1.5 Bitcoin per block. That's around $1800 per block, or $14 million in about 2 months. 6 times higher than last year.

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Quote from: botany on April 12, 2017, 10:57:51 AM

I suppose this is calculated by taking the dollar value of block rewards, at the time when the blocks are mined.
Otherwise, the money earned by miners would be equal to the market capitalization of Bitcoin.
And this would exclude the transaction fees.....

can't be equal to the capitalization, because miners need to sell when they mine, to cover their electricity rate, when they mined with the 50 block reward they were selling already their bitcoin, and bitcoin was very cheap at that point, the same when they were selling with the 25 block reward

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I suppose this is calculated by taking the dollar value of block rewards, at the time when the blocks are mined.
Otherwise, the money earned by miners would be equal to the market capitalization of Bitcoin.
And this would exclude the transaction fees.....

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https://qz.com/955697/bitcoin-btc-miners-have-earned-more-than-2-billion-from-rewards-since-2008/

Quote

Bitcoin mining has become a multi-billion dollar industry. Bitcoin miners have collectively earned over $2 billion in revenue since the cryptocurrency was established in 2008, according to an estimate from a new report published by the Cambridge Centre for Alternative Finance.

Topic: Bitcoin miners have collectively earned more than $2 billion - page 2. (Read 1283 times)