The chart tracks the combined revenue from both transaction fees and mining rewards, giving a comprehensive view of how much miners are earning over time. The total revenue reflects both the block reward (newly minted bitcoins) and the transaction fees associated with validated blocks.

This metric indicates how much the expected daily value of 1 TH/s of mining power (hashprice) varies over the past 30 days. High volatility suggests that Bitcoin mining profitability is prone to significant changes, while low volatility means the income from mining is more stable. Miners can use this data to make more informed decisions about when to hedge their Bitcoin earnings.

When the 30-day moving average (30DMA) of Bitcoin’s hash rate drops below the 60-day moving average (60DMA), it indicates that miners are capitulating and struggling to maintain operations. This is reflected by the appearance of dark pink vertical lines on the chart.