# 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.