In May, the total revenue of miners of the first cryptocurrency amounted to $ 906 million, a decrease of 22% compared to April. This is stated in the ForkLog analytics report.

The corresponding figure for Ethereum miners fell 18% to $1.44 billion.

In mid-May, the complexity of Bitcoin mining updated its all-time high at around 31.25 T. Then, after the falling hashrate, the indicator corrected to 29.9 T. This decline was the highest since July 2021.

The Ethereum hash rate hit an all-time high of 1039 TH/s in mid-May. On the backdrop of the launch of the Otherside metaverse earlier in the month, the average transaction fee on the second-largest cryptocurrency network by capitalization updated its historic high of $200.

Foundry USA with the largest hash rate (20.9%) among mining pools. This is followed by F2Pool (14.3%) and AntPool (14.2%).

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

Earlier, the State Duma registered an updated bill “On Mining in the Russian Federation”. The provisions for the registration of mining participants and the “amnesty” for the latter were removed from the new document.

Recall that the New York State Senate approved a two-year moratorium on the production of cryptocurrencies using electricity generated from carbon sources.