May 4, 2025
Blockchain

Revenue of bitcoin miners fell 4% in April

  • May 10, 2022
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In April, the total revenue of bitcoin miners was $1.15 billion. The indicator continued its downward trend, down 4% from March, according to the ForkLog report. The share

Revenue of bitcoin miners fell 4% in April

Revenue of bitcoin miners fell 4% in April
Revenue of bitcoin miners fell 4% in April

In April, the total revenue of bitcoin miners was $1.15 billion. The indicator continued its downward trend, down 4% from March, according to the ForkLog report.

The share of commissions in revenue decreased to 1.14%.

Bitcoin miners revenue by month, million dollars. Data: Glassnode.

At the same time, the digital gold rate decreased by 17.3% monthly. Ethereum is down 16.9%. However, the revenue of miners of the second-largest cryptocurrency by capitalization increased for the first time since November 2021.

In April, total revenues were $1.75 billion, up 8% from March. The share of commissions slightly increased – up to 41%.

Ethereum miners monthly income, million dollars. Data: Glassnode.

The average Ethereum transaction fee has been falling since November last year. Only at the beginning of April, at the peak, the indicator exceeded $ 42. The average bitcoin transaction fee rarely exceeded $2 in April.

Average commission dynamics for BTC and ETH transactions. Data: Glassnode.

The hash rate of the network of the first cryptocurrency increased by 10% in a month. At its highest, the softened 7-day moving average was 223.17 EH/s. On April 27, Bitcoin mining difficulty reached a record level of 29.79 T.

Ethereum’s total computing power also updated the historical maximum, breaking the 1000 TH/s milestone.

The largest bitcoin mining pools. Data from BTC.com as of May 1, 2022.

In April, Foundry USA strengthened its lead among Bitcoin mining pools – its share in hash rate increased from 19.3% to 23%. Among its participants are large North American miners traded on exchanges.

According to Arcane Research, publicly traded mining companies account for about one-fifth of the total digital gold hash rate.

Sponsor of “Bitcoin industry by numbers” column – global blockchain ecosystem Binance.

Recall that in April, cryptocurrency miners went much deeper than the price of their shares.

Source: Fork Log

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