This metric compares Miner Revenue to the estimated Cost of Production in a ratio. This tool visualizes the daily profit multiple being realized by miners 🟠.

Revenue-to-Cost Ratio = Miner Revenue / Cost of Production

This chart is shown in both log and linear scale, and reflects the aggregate profit multiple realized for the average miner, under the assumed cost of production.

• 🟢 Periods where miners are profitable returns a Revenue-to-Cost Ratio greater than 1.

• 🔴 Periods where miners are unprofitable returns a Revenue-to-Cost Ratio less than 1.

This model is derived from the Difficulty Regression Model.