📊Mining Performance in 2024
The UTU Renegades experienced a significant year in 2024, marked by fluctuating revenues and expenses, resulting in a healthy profit before disbursements. Below is a detailed analysis of the financial performance throughout the year.
Yearly Totals
Revenue: $58,822.03
Expenses: $34,798.34
Profit: $24,023.69
Payout Amount: $3,814.21 over 4 months (30,781h)
Financial Overview
Month/Year
Revenue
Expense
Profit Before Disbursements
October 2023
$704.73
$417.28
$287.45
November 2023
$1,348.31
$796.74
$551.57
December 2023
$1,707.10
$804.62
$902.48
January 2024
$2,988.45
$1,837.34
$1,151.11
February 2024
$3,844.52
$1,888.46
$1,956.06
March 2024
$4,264.94
$1,715.68
$2,549.26
April 2024
$5,751.45
$2,840.75
$2,910.70
May 2024
$4,611.85
$2,890.99
$1,720.86
June 2024
$3,957.91
$3,040.45
$917.46
July 2024
$3,939.17
$3,048.37
$890.80
August 2024
$3,552.88
$2,902.46
$650.42
September 2024
$4,386.49
$3,095.28
$1,291.21
October 2024
$4,417.56
$2,898.62
$1,518.94
November 2024
$6,995.52
$3,165.34
$3,830.18
December 2024
$6,351.15
$3,455.96
$2,895.19
Total
$58,822.03
$34,798.34
$24,023.69
Key Insights
Revenue Growth: The total revenue for the year reached $58,822, showing a robust upward trend from the year's initial months to the end.
Expense Management: Total expenses amounted to $34,798, indicating effective cost management strategies despite fluctuations in monthly expenses.
Profitability: The profit before disbursements totalled $24,023, demonstrating strong profitability throughout the year, with notable peaks in January and November.
Monthly Performance Trends
Strong Start: The year began with a substantial revenue increase from December 2023 to January 2024 ($1,707 to $2,988).
Peak Performance: November marked the highest revenue month at $6,995.
Fluctuations: There were noticeable dips in revenue during mid-year (May to July) due to the Bitcoin Halving.
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