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Sponsored by Gem • While State of Bitcoin Q1 2015

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Sponsored by Gem
• While mining is the only bitcoin sector to date to generate significant revenues,
at current (or lower) price levels, further sector consolidation is anticipated
Diminishing Incentives to Mine Bitcoins Will Result in
Further Mining Sector Consolidation
14State of Bitcoin Q1 2015
Data source: Blockchain. Note: Miners revenue = (number of bitcoins mined per day + transaction fees) * market price.
0
5
10
15
20
25
30
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
01/01/2014 01/04/2014 30/06/2014 28/09/2014 27/12/2014
$Thousands
$Millions
Miners Revenue and Transaction Fee (USD)
Miners Revenue Transaction Fee

Published in: Economy & Finance, Internet
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