• Latest
  • Trending

BTC price surge increases miner profitability, indicating market bottom

February 3, 2023
Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution

Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution

February 19, 2025
What Happens When Global Economies Adopt Crypto?

What Happens When Global Economies Adopt Crypto?

February 19, 2025
Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed

Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed

January 24, 2025
ADVERTISEMENT
Hong Kong Pioneering Digital Currency: Project e-HKD+

Hong Kong Pioneering Digital Currency: Project e-HKD+

January 24, 2025
Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

January 23, 2025
$PBIRD Token: Resilience and Growth Potential

$PBIRD Token: Resilience and Growth Potential

January 23, 2025
Crypto Industry Celebrates Trump’s Inauguration with Optimism

Crypto Industry Celebrates Trump’s Inauguration with Optimism

January 18, 2025
Trump’s $TRUMP Meme Coin Launches, Surges in Value

Trump’s $TRUMP Meme Coin Launches, Surges in Value

January 18, 2025
Bitcoin’s Historic Surge to 0,000 Ignites Social Media Frenzy

Bitcoin’s Historic Surge to $100,000 Ignites Social Media Frenzy

January 18, 2025
Tony Parisi’s Metatron Studio: Pioneering a New Era of Metaverse Entertainment

Tony Parisi’s Metatron Studio: Pioneering a New Era of Metaverse Entertainment

January 23, 2025
FiX25 Fintech Islands Experience: Catalyzing Innovation in the Caribbean

FiX25 Fintech Islands Experience: Catalyzing Innovation in the Caribbean

January 23, 2025
Cryptocurrency Fraud Case Highlights Data Privacy and Security Challenges

Cryptocurrency Fraud Case Highlights Data Privacy and Security Challenges

December 18, 2024
Pbird Media
Saturday, May 24, 2025
Submit Press Release
  • Home
  • Altcoin
    $PBIRD Token: Resilience and Growth Potential

    $PBIRD Token: Resilience and Growth Potential

    Trump’s $TRUMP Meme Coin Launches, Surges in Value

    Trump’s $TRUMP Meme Coin Launches, Surges in Value

    Workforce Training

    Revolutionizing Workforce Development: The Apprentice Token Unveiled

    Crypto

    Top Altcoins to Watch: Next Quarter Predictions and Market Trends

    Unlocking Potential: Top Low-Cost Cryptocurrencies Poised for High Returns by 2025

    Unlocking Potential: Top Low-Cost Cryptocurrencies Poised for High Returns by 2025

    Ethereum 2.0: Unveiling the Transformative Network Upgrades

    Ethereum 2.0: Unveiling the Transformative Network Upgrades

    Altcoin Market Outlook: Key Trends and Predictions

    Altcoin Market Outlook: Key Trends and Predictions

    Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

    Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

    Celsius moves $59M MATIC, LINK, other altcoins to exchange

  • News
    • All
    • Crypto
    • Investing
    • Metaverse
    • NFTs
    • Web3
    What Happens When Global Economies Adopt Crypto?

    What Happens When Global Economies Adopt Crypto?

    Bitcoin’s Historic Surge to 0,000 Ignites Social Media Frenzy

    Bitcoin’s Historic Surge to $100,000 Ignites Social Media Frenzy

    Tony Parisi’s Metatron Studio: Pioneering a New Era of Metaverse Entertainment

    Tony Parisi’s Metatron Studio: Pioneering a New Era of Metaverse Entertainment

    DeGame’s Platform Update: Transforming the Web3 Gaming Landscape

    DeGame’s Platform Update: Transforming the Web3 Gaming Landscape

    Unlocking Financial Success: The Meteoric Rise of Virtual Reality Investments

    Unlocking Financial Success: The Meteoric Rise of Virtual Reality Investments

    Harnessing the Metaverse: A New Frontier in Digital Finance and Virtual Economies

    Harnessing the Metaverse: A New Frontier in Digital Finance and Virtual Economies

    Celebrating a Decade of Innovation: Bittylicious and the Evolution of Bitcoin Exchanges

    Celebrating a Decade of Innovation: Bittylicious and the Evolution of Bitcoin Exchanges

    Web3 Dubai Summit: Pioneering the Future of Digital Finance

    Web3 Dubai Summit: Pioneering the Future of Digital Finance

    Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

    Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

  • Technology
    • All
    • Blockchain
    • Fintech
    • Security
    Hong Kong Pioneering Digital Currency: Project e-HKD+

    Hong Kong Pioneering Digital Currency: Project e-HKD+

    Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

    Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

    FiX25 Fintech Islands Experience: Catalyzing Innovation in the Caribbean

    FiX25 Fintech Islands Experience: Catalyzing Innovation in the Caribbean

    Autofarm’s M AI Move: Redefining DeFi with AutoLabs

    Autofarm’s $5M AI Move: Redefining DeFi with AutoLabs

    Revolutionizing AML and KYC: The AI Advantage

    Revolutionizing AML and KYC: The AI Advantage

    Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

    Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

    Revolutionizing Remittances: VCASH’s eNaira API Transforms Global Transfers

    Revolutionizing Remittances: VCASH’s eNaira API Transforms Global Transfers

    Manufacturing

    U.S Manufacturing New Federal Incentives and Their Impact on Fintech and Digital Finance

    TradingLink Unveils Revolutionary Cross-Broker Social Trading Model at iFX Asia 2024

    TradingLink Unveils Revolutionary Cross-Broker Social Trading Model at iFX Asia 2024

  • Market Price
  • Opinions and Insights
    What Happens When Global Economies Adopt Crypto?

    What Happens When Global Economies Adopt Crypto?

    Crypto Industry Celebrates Trump’s Inauguration with Optimism

    Crypto Industry Celebrates Trump’s Inauguration with Optimism

    Crypto voter

    The Crypto Voter Revolution: Digital Assets in Political Campaigns

    FLUIDEFI’s New Smart-Contract Auditing & Rating System

    FLUIDEFI’s New Smart-Contract Auditing & Rating System

    Vice President Endorses Cryptocurrency: A Game Changer for Digital Finance

    Vice President Endorses Cryptocurrency: A Game Changer for Digital Finance

    Navigating the Threat of Deepfakes in the Cryptocurrency Ecosystem

    Navigating the Threat of Deepfakes in the Cryptocurrency Ecosystem

    Central Banks at the Crossroads: Navigating Geopolitical Shifts and Technological Innovations

    Central Banks at the Crossroads: Navigating Geopolitical Shifts and Technological Innovations

    Navigating Cryptocurrency Price Movements: Key Insights for Informed Investments

    Navigating Cryptocurrency Price Movements: Key Insights for Informed Investments

    Recent Advancements in Smart Contract Technology: Opportunities and Challenges

    Recent Advancements in Smart Contract Technology: Opportunities and Challenges

  • Trending

No products in the cart.

No Result
View All Result
  • Home
  • Altcoin
    $PBIRD Token: Resilience and Growth Potential

    $PBIRD Token: Resilience and Growth Potential

    Trump’s $TRUMP Meme Coin Launches, Surges in Value

    Trump’s $TRUMP Meme Coin Launches, Surges in Value

    Workforce Training

    Revolutionizing Workforce Development: The Apprentice Token Unveiled

    Crypto

    Top Altcoins to Watch: Next Quarter Predictions and Market Trends

    Unlocking Potential: Top Low-Cost Cryptocurrencies Poised for High Returns by 2025

    Unlocking Potential: Top Low-Cost Cryptocurrencies Poised for High Returns by 2025

    Ethereum 2.0: Unveiling the Transformative Network Upgrades

    Ethereum 2.0: Unveiling the Transformative Network Upgrades

    Altcoin Market Outlook: Key Trends and Predictions

    Altcoin Market Outlook: Key Trends and Predictions

    Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

    Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

    Celsius moves $59M MATIC, LINK, other altcoins to exchange

  • News
    • All
    • Crypto
    • Investing
    • Metaverse
    • NFTs
    • Web3
    What Happens When Global Economies Adopt Crypto?

    What Happens When Global Economies Adopt Crypto?

    Bitcoin’s Historic Surge to 0,000 Ignites Social Media Frenzy

    Bitcoin’s Historic Surge to $100,000 Ignites Social Media Frenzy

    Tony Parisi’s Metatron Studio: Pioneering a New Era of Metaverse Entertainment

    Tony Parisi’s Metatron Studio: Pioneering a New Era of Metaverse Entertainment

    DeGame’s Platform Update: Transforming the Web3 Gaming Landscape

    DeGame’s Platform Update: Transforming the Web3 Gaming Landscape

    Unlocking Financial Success: The Meteoric Rise of Virtual Reality Investments

    Unlocking Financial Success: The Meteoric Rise of Virtual Reality Investments

    Harnessing the Metaverse: A New Frontier in Digital Finance and Virtual Economies

    Harnessing the Metaverse: A New Frontier in Digital Finance and Virtual Economies

    Celebrating a Decade of Innovation: Bittylicious and the Evolution of Bitcoin Exchanges

    Celebrating a Decade of Innovation: Bittylicious and the Evolution of Bitcoin Exchanges

    Web3 Dubai Summit: Pioneering the Future of Digital Finance

    Web3 Dubai Summit: Pioneering the Future of Digital Finance

    Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

    Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

  • Technology
    • All
    • Blockchain
    • Fintech
    • Security
    Hong Kong Pioneering Digital Currency: Project e-HKD+

    Hong Kong Pioneering Digital Currency: Project e-HKD+

    Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

    Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

    FiX25 Fintech Islands Experience: Catalyzing Innovation in the Caribbean

    FiX25 Fintech Islands Experience: Catalyzing Innovation in the Caribbean

    Autofarm’s M AI Move: Redefining DeFi with AutoLabs

    Autofarm’s $5M AI Move: Redefining DeFi with AutoLabs

    Revolutionizing AML and KYC: The AI Advantage

    Revolutionizing AML and KYC: The AI Advantage

    Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

    Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

    Revolutionizing Remittances: VCASH’s eNaira API Transforms Global Transfers

    Revolutionizing Remittances: VCASH’s eNaira API Transforms Global Transfers

    Manufacturing

    U.S Manufacturing New Federal Incentives and Their Impact on Fintech and Digital Finance

    TradingLink Unveils Revolutionary Cross-Broker Social Trading Model at iFX Asia 2024

    TradingLink Unveils Revolutionary Cross-Broker Social Trading Model at iFX Asia 2024

  • Market Price
  • Opinions and Insights
    What Happens When Global Economies Adopt Crypto?

    What Happens When Global Economies Adopt Crypto?

    Crypto Industry Celebrates Trump’s Inauguration with Optimism

    Crypto Industry Celebrates Trump’s Inauguration with Optimism

    Crypto voter

    The Crypto Voter Revolution: Digital Assets in Political Campaigns

    FLUIDEFI’s New Smart-Contract Auditing & Rating System

    FLUIDEFI’s New Smart-Contract Auditing & Rating System

    Vice President Endorses Cryptocurrency: A Game Changer for Digital Finance

    Vice President Endorses Cryptocurrency: A Game Changer for Digital Finance

    Navigating the Threat of Deepfakes in the Cryptocurrency Ecosystem

    Navigating the Threat of Deepfakes in the Cryptocurrency Ecosystem

    Central Banks at the Crossroads: Navigating Geopolitical Shifts and Technological Innovations

    Central Banks at the Crossroads: Navigating Geopolitical Shifts and Technological Innovations

    Navigating Cryptocurrency Price Movements: Key Insights for Informed Investments

    Navigating Cryptocurrency Price Movements: Key Insights for Informed Investments

    Recent Advancements in Smart Contract Technology: Opportunities and Challenges

    Recent Advancements in Smart Contract Technology: Opportunities and Challenges

  • Trending

No products in the cart.

No Result
View All Result
PBird Media
No Result
View All Result
Home Industry Press Release

BTC price surge increases miner profitability, indicating market bottom

February 3, 2023
in Press Release
Reading Time: 5 mins read

Glassnode data analyzed by crypto slate Analysts suggest that as the Bitcoin (BTC) price rises, so will miner profitability and earnings.

crypto slate To assess the profitability of miners, we examined a difficulty regression model and a comparative metric of miner revenues and annual averages. Both metrics agree that things are going well for BTC miners, but ASIC Rig’s profitability metric revealed that hashrate has reached an all-time high.

Difficulty regression model

A difficulty regression model is used to understand the cost of maintaining everything to produce one BTC. Mining difficulty is the final extraction of the cost of mining, which combines all mining variables into one number. The calculated value therefore reflects the estimated average production cost to mine 1 BTC.

The chart below shows the BTC difficulty regression model since 2010 as the purple line and the BTC price as the black line. BTC mining is profitable if the purple line shows a lower cost than his BTC price. This is shown in the red area below. Similarly, if the purple line crosses the black line, it means that BTC mining is not profitable, creating a green zone on the chart.

BTC Difficulty Regression Model (Source: Glassnode)
BTC Difficulty Regression Model (Source: Glassnode)

Currently, data shows the total maintenance cost to generate one BTC is $20,000. value.

In addition to mining profitability, this chart shows the historical relationship between the cost of sustaining everything to produce one BTC and the market bottom. Since 2010, on 5 different occasions in 2011, 2012, 2018, 2019 and 2021, the total maintenance cost to produce 1 BTC has been lower than the price of BTC, and then All BTC value increased. Historically, this situation could indicate a market bottom.

YOU MAY ALSO LIKE

Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution

Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution

February 19, 2025
Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed

Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed

January 24, 2025
Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

October 9, 2024
Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

October 8, 2024

Minor Earnings vs Annual Average

A comparison of minor returns and yearly averages is used by analysts who want to measure daily volatility relative to long-term trends. This metric takes his total daily earnings generated by a BTC miner in USD and compares it to a 365-day simple moving average.

The graph below starts in mid-2016 and shows the total revenue paid to miners and the 365-day simple moving average in orange and blue lines respectively.

Yearly Average Miner Earnings vs. BTC (Source: Glassnode)
Yearly Average Miner Earnings vs. BTC (Source: Glassnode)

Total revenue generated by miners is below the 365-day simple moving average level from the beginning of 2022. According to the chart, the total revenue generated by miners is currently around $22.5 million, while the 365-day simple moving average is roughly $24.6 million.

This relationship also marks the bottom of the market. A spike in BTC price was recorded whenever the total miner earnings exceeded the 365-day simple moving average. The data also show that miner income has been increasing since early 2023. If this increase continues, total income could break the resistance of the 365-day simple moving average, giving the green light to a market rally.

ASIC rig profitability

This metric estimates the USD value of the daily profit earned by an Antminer S19 XP Hyd ASIC rig under various all-cost-of-maintenance AISC assumptions.

The Antminer S19 XP Hyd ASIC rig will be released in October 2022, reaching a hash rate of 255 Th/h and consuming 5304 Watts.

The chart below shows BTC’s ASIC rig profitability from early 2022 onwards in the turquoise line. A line indicates profitability if it marks a point lower than the BTC price.

BTC ASIC rig profitability (Source: Glassnode)
BTC ASIC rig profitability (Source: Glassnode)

According to the graph, Antminer S19 will be profitable in early 2023. The cost to maintain everything is about $0.15. This sent the miner back to his Antminer S19s rig and pushed the hashrate to all-time highs.

Changes in BTC hashrate adjustment rate (source: Glassnode)
Rate of change of BTC hashrate adjustment (source: Glassnode)

The graph above shows the BTC hash rate from early 2021 as an orange line. Hashrate has increased exponentially since his early 2023, and network security has also increased.

Share76Tweet47Share13

Related Posts

Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution
Press Release

Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution

February 19, 2025
Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed
Press Release

Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed

January 24, 2025
Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough
Press Release

Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

October 9, 2024
Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership
Press Release

Revolutionizing Digital Security: Tórónet and NexeraID’s Landmark Partnership

October 8, 2024
Tether calls Celsius’ lawsuit “baseless” in response to Bitcoin liquidation dispute
Press Release

Tether calls Celsius’ lawsuit “baseless” in response to Bitcoin liquidation dispute

August 19, 2024
Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks
Press Release

Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks

September 23, 2024

Share a Good Read

  • Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

    Revolutionizing Asset Ownership: Vike’s Tokenization Breakthrough

    431 shares
    Share 172 Tweet 108
  • Autofarm’s $5M AI Move: Redefining DeFi with AutoLabs

    356 shares
    Share 142 Tweet 89
  • The Crypto Voter Revolution: Digital Assets in Political Campaigns

    354 shares
    Share 142 Tweet 89
  • Celebrating a Decade of Innovation: Bittylicious and the Evolution of Bitcoin Exchanges

    346 shares
    Share 138 Tweet 87
  • Web3 Dubai Summit: Pioneering the Future of Digital Finance

    339 shares
    Share 136 Tweet 85

Tags

altcoin Altcoins Analyst announces Bank Binance Bitcoin blockchain BTC Cardano CEO Coinbase Crypto DeFi Digital Dogecoin ETH Ethereum exchange Fintech firm FTX Heres Inu launch launches market Metaverse Million Network News NFT NFTs Polygon price report SEC Shiba Solana support token top Trading Web3 Week

Recent Posts

  • Democratizing Crypto Mining: ZT Mining’s Cloud-Based Revolution
  • What Happens When Global Economies Adopt Crypto?
  • Electronic Money Association Announces 2025 Conference: Innovate, Compete, Succeed
  • Hong Kong Pioneering Digital Currency: Project e-HKD+
  • Revolutionizing Medical Staffing: How NurseBee is Transforming Healthcare with Blockchain

Newsletter

  • Privacy Policy
  • Editorial Policy
  • Contact Us
  • About Us

Copyright © Pbird Media | Copyright © All rights reserved 2024

PBird Media
Manage Cookie Consent
This website uses cookies to improve your experience. By clicking on "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Home
  • Altcoin
  • News
  • Technology
  • Market Price
  • Opinions and Insights
  • Trending

Copyright © Pbird Media | Copyright © All rights reserved 2024