Firsthand Bitcoin · Data · Bitcoin miners
Data / Puell multiple / 2023
The dollar value of new bitcoin issued each day against its one-year average.
Puell multiple opened 2023 at 0.59× (January 1, 2023) and closed at 1.47× (December 31, 2023), up 150.5%. The high was 1.62× on December 6, 2023 and the low 0.59× on January 1, 2023.
| Month | Month end |
|---|---|
| January 2023 | 0.87× |
| February 2023 | 0.93× |
| March 2023 | 1.19× |
| April 2023 | 1.30× |
| May 2023 | 1.22× |
| June 2023 | 1.36× |
| July 2023 | 1.26× |
| August 2023 | 1.13× |
| September 2023 | 1.11× |
| October 2023 | 1.37× |
| November 2023 | 1.42× |
| December 2023 | 1.47× |
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 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2023: 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 · Miner prices per terahash · Bitmain releases and the bitcoin price