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Crypto Thursday: Daily Mining Profitability vs Daily Hashrate over 1 Year for Top Cryptocurrencies

Oct 18, 2018

The Data Daily: Where the charts tell the story

This week we look at  Daily Mining Profitability vs Daily Hashrate over 1 Year for top cryptocurrencies.

 

The daily hashrate of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) has trended higher over the last year while daily mining profitability has dropped to near breakeven. Rising levels of daily hash rates suggest that these three major cryptocurrencies are steadily gaining mining support while near breakeven levels of mining profitability suggest that miners are thinking 'long term' as they are not mining to realize immediate profit, and instead, are mining to buy and hold cryptocurrencies because they believe value will increase over time.

Bitcoin (BTC) - Daily Mining Profitability vs Daily Hashrate, 1 Year

Bitcoin Cash (BCH) - Daily Mining Profitability vs Daily Hashrate, 1 Year

Ethereum (ETH) - Daily Mining Profitability vs Daily Hashrate, 1 Year

Litecoin (LTC) - Daily Mining Profitability vs Daily Hashrate, 1 Year

Monero (XMR) - Daily Mining Profitability vs Daily Hashrate, 1 Year