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What Is This Chart Showing?

Bitcoin miners currently generate revenue from two sources:

  1. Transaction fees
  2. Mining rewards

This chart shows the rewards received each time a miner successfully validates a block. The mining (or block) reward is reduced by half at each halving event. The halving events are denoted by the vertical dotted lines on the chart.

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Hash Ribbons Indicator

Hash Ribbons Indicator: Highlights miner capitulation to identify major price lows.

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Miner Revenue (Total)

Total Bitcoin miner revenue: fees + mining reward.

Bitcoin Miner Difficulty screenshot
Bitcoin Miner Difficulty

Changes in Bitcoin mining difficulty over time.

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