GuideAPI Doc

Miner Revenue & Efficiency Metrics

Evaluate the economic performance and profitability of miners through revenue and efficiency indicators.

Overview
All revenue-related metrics measure how much income miners generate from block rewards and transaction fees. These metrics reflect miner incentives, network sustainability, and overall health of the Bitcoin ecosystem. Since miner activity directly influences network security, profitability indicators also act as early signals of hash rate expansion or miner capitulation.

Interpretation

  • Rising values: higher profitability, stronger mining participation.

  • Falling values: margin compression or risk of shutdowns.

Formula (Latex Function format)

M i n e r R e v e n u e t = B l o c k R e w a r d t + T x F e e s t MinerRevenue_t = BlockReward_t + TxFees_t

For efficiency variants:

R e v e n u e P e r H a s h = M i n e r R e v e n u e t H a s h R a t e t RevenuePerHash = \frac{MinerRevenue_t}{HashRate_t}
R e v e n u e P e r H a s h P e r S e c = M i n e r R e v e n u e t H a s h R a t e t ∗ T i m e RevenuePerHashPerSec = \frac{MinerRevenue_t}{HashRate_t * Time}

Insights
Revenue-based metrics often peak during bull markets when both fees and prices rise. They provide strong confirmation of miner sentiment and network robustness.

Available Metrics