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.

Hash rate is a critical indicator of network security, mining activity, and overall network health.

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.