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Glassnode Glassnode @glassnode · 44K subscribers
Post #373 16.9K
#Bitcoin Thermocap is calculated as the cumulative sum of USD block rewards paid to miners

It reflects the aggregate 'cost of production' for all circulating $BTC.

The Thermocap just passed $30.3B.

At a market cap of $900B, #Bitcoin is worth 29.7x more that its total input cost.
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