RevAllTimeUSD
Miner revenue, all time, USD

Definition

The sum USD value of all miner revenue (fees plus newly issued native units) for all time.

Dictionary

IDCategorySubcategoryTypeUnitInterval
RevAllTimeUSDFees and revenueRevenueSumUSDAll time

Details

Resource history

Interpretation

The cumulative miner revenue for an asset, also called thermocap,can be interpreted as an estimate of fiat inflows into an asset. The assumption behind this is that miners have fiat expenses but crypto revenue. To cover their expenses (mining hardware, electricity, wages, etc..), they must sell some or most of their crypto revenue for fiat. Given that, we know that the other party of this transaction must sell fiat for crypto and is therefore a new inflow in the asset. While this holds for large assets, miners of smaller assets might sell their mined crypto for BTC/ETH and then sell this for USD. This is a naive heuristic and presumes that miners do not mine speculatively, hoarding their coins without selling them off.

Availability for assets

AssetAvailable in Community tierAvailable in Pro tier
BCH
BSV
BTC
BTG
DASH
DCR
DGB
DOGE
ETC
ETH
GRIN
LTC
VTC
XMR
XTZ
XVG
ZEC