Monthly mining revenue of Bitcoin (BTC) 2010-2023
Bitcoin miners made over 200 percent more revenue in December 2023 when compared to the same month in 2022. This was according to blockchain data that measures mining revenue for BTC specifically. Miner revenue normally consists of both block rewards, the initial reward when mining a coin, and future transaction fees whenever someone uses the coin you mined. As of 2024, Bitcoin is the main coin that is being created via mining - or the concept of "Proof-of-Work" or PoW - after Ethereum moved away from this. PoW is seen by many as the main reason for Bitcoin's substantial energy consumption.