Share this article
Bitcoin Miners See Revenue Per TH/s Nearly Triple in 3 Months
Mining revenue has reached its highest mark since early August 2019.
By Zack Voell
Updated Mar 6, 2023, 3:40 p.m. Published Jan 7, 2021, 8:54 p.m.
Bitcoin mining revenue has nearly tripled in the past three months measured by dollars per terahashes per second (TH/s).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- In early October, miners were earning roughly $0.078 per TH/s.
- Following bitcoin's parabolic price rally, that revenue has soared by 265%, reaching $0.284 Thursday.
- Not since early August 2019 has miner revenue reached these levels, according to data from Luxor Technologies.
- Bitcoin cut through the $40,000 mark Thursday afternoon, extending its early year gains to well over 30%, extending on its more than 300% gains in 2020.
- With market conditions prompting existing miners to expand their operations and new participants to join the sector, mining equipment manufacturers are struggling to keep pace with demand. Bitmain, for example, has sold out until August and nearly doubled the price of its S19 model, per CoinDesk's prior reporting.
- Amid the mining machine shortage, miners are scouring secondary markets for any available and efficient machines they can find as mining revenue continues to increase along bitcoin's price.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
