BTC miners, hard work seems to be paying off, with billions of dollars going to their coffers, Data obtained from Glasscode showed that BTC miner revenue (“Thermocap“) is now at $17.5 billion USD. This metric is used as a lower bound for the capital inflow into an asset.
Cumulative #Bitcoin miner revenue ("Thermocap") is now at $17.5 billion USD.
This metric is used as a lower bound for the capital inflow into an asset.
Comparison of Thermocaps since 2018:$BTC: $12.6B$ETH: $4.9B$LTC: $932M$BCH: $810M
Live charts: https://t.co/KMutpZkM4X pic.twitter.com/YL9rEYDqfU
— glassnode (@glassnode) July 3, 2020
Mining is the process of adding confirmed transactions to the Bitcoin blockchain. For the resources required to mine, the blockchain network rewards BTC miners via transaction fees and subsidies. Subsidies are paid per block at a current rate of 6.25 BTC. Fees are paid per transaction.
READ ALSO: QKC: fastest rising crypto asset in 30 days, gains 100%
Metric Description
Aggregate security spends, or “Thermocap“, is the aggregated amount of coins paid to miners and serves as a proxy to mining resources spent. It serves as a measure of the true capital flow into Bitcoin and is computed as the aggregate Coinbase transactions multiplied by the price in USD at the time they were mined.
Quick fact; BTC Miners help in facilitating BTC transactions and provision of security on the blockchain network. The importance of BTC miners can’t be underestimated as they perform these functions, by solving computational tasks which permit them to chain together blocks of transactions
Download the Nairametrics News App
By mining BTC, you can earn a BTC without having to pay money for such. BTC miners collect BTC as a reward for completing “blocks” of confirmed transactions which are added to the blockchain network.
I need free mining apps
Inbox me I have one
please sir am jami’u by name from Nigeria i need a free mining app or software without withdrawal fees at list for a start
A couple of months ago, we had a seminar at my work place, during the seminar we had some cryptocurrency geeks invited to lecture us, he shared his experience he had with this team at; blockchainnexperts@gmail.com I never doubted them and I made up my mind by that same day to invest half of my salary with this team. The effectiveness working with this team sum up to a total maximum profit of $36k just within 5 working days. Bitcoin online forums are great sources of abundant informal and formal information, which serves to appreciate cryptocurrency. I am also sharing this important information here to help people struggling financially and ready for a total financial breakthrough
I want to start mining boss
Which app can I used to mined?
Pls how can get started with the past tutorials
So I’m still at secondary school and new to crypto naira metrics made me want to start . I need mining site and crypto capital pls. Btc wallet. 3DdacSkLLUMqR1VfFNjNWwTMnUgVVaKPns. Any body willing