Firsthand Bitcoin · Data · Bitcoin miners
Data / Puell multiple / 2018
The dollar value of new bitcoin issued each day against its one-year average.
Puell multiple opened 2018 at 3.34× (January 1, 2018) and closed at 0.50× (December 31, 2018), down 84.9%. The high was 3.83× on January 8, 2018 and the low 0.41× on December 14, 2018.
| Month | Month end |
|---|---|
| January 2018 | 2.13× |
| February 2018 | 1.82× |
| March 2018 | 1.18× |
| April 2018 | 1.38× |
| May 2018 | 1.01× |
| June 2018 | 0.79× |
| July 2018 | 1.01× |
| August 2018 | 0.84× |
| September 2018 | 0.77× |
| October 2018 | 0.73× |
| November 2018 | 0.47× |
| December 2018 | 0.50× |
Daily issuance in dollars divided by its 365-day average. Under 0.5, miners are earning half their usual income and the weakest are selling to survive, which has marked cycle bottoms; above 4, issuance is worth four times normal and miners are selling into euphoria.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2018: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price