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    Author Topic: Bitcoin Network Deficit and Miners Revenue  (Read 657 times)
    coinsolidation (OP)
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    June 23, 2014, 08:52:31 PM
     #1

    By https://blockchain.info/charts/miners-revenue I read the miners revenue at the last daily measurement was 2,438,905
    By https://blockchain.info/charts/network-deficit I read the network deficit at the last daily measurement was -2,426,991

    Am I then wildly wrong to conclude that the net profit for the entire day of mining was $11,914?

    Or put another way, if there was 0 block reward, that the miners would have wasted $2.4m worth of hashing?

    I'm hoping that I'm reading these charts incorrectly.

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