Firsthand Bitcoin · Data · Bitcoin miners
Data / Puell multiple / 2020
The dollar value of new bitcoin issued each day against its one-year average.
Puell multiple opened 2020 at 0.98× (January 1, 2020) and closed at 2.06× (December 31, 2020), up 110.6%. The high was 2.06× on December 31, 2020 and the low 0.51× on May 13, 2020.
| Month | Month end |
|---|---|
| January 2020 | 1.20× |
| February 2020 | 1.06× |
| March 2020 | 0.72× |
| April 2020 | 0.97× |
| May 2020 | 0.58× |
| June 2020 | 0.56× |
| July 2020 | 0.74× |
| August 2020 | 0.81× |
| September 2020 | 0.79× |
| October 2020 | 1.03× |
| November 2020 | 1.36× |
| December 2020 | 2.06× |
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 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2020: 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