Bitcoin-miner revenues fall 4% in April

In April, total Bitcoin miners’ revenue amounted to $1.15 billion. The metric resumed its downward trend, shrinking by 4% compared with March, according to the ForkLog report.

The share of fees in revenue fell to 1.14%.

Meanwhile, the price of Bitcoin for the month fell by 17.3%. Ethereum declined by 16.9%. However, mining revenue for the second-largest cryptocurrency by market capitalization rose for the first time since November 2021.

In April, total receipts amounted to $1.75 billion — up 8% from March. The share of fees rose slightly — to 41%.

The Bitcoin network hash rate rose by 10% over the month. At its peak, the smoothed seven-day moving average stood at 223.17 EH/s. On 27 April, Bitcoin mining difficulty reached a record high of 29.79 T.

Total Ethereum hash rate also hit a new all-time high, surpassing 1000 TH/s.

In April, Foundry USA extended its lead among Bitcoin mining pools — its share of the hash rate rose from 19.3% to 23%. Its participants include large North American miners traded on stock exchanges.

According to Arcane Research, publicly traded mining companies account for roughly a fifth of the total Bitcoin hashrate.

Sponsor of the ‘Bitcoin Industry in Numbers’ column — the global blockchain ecosystem Binance.

In April, cryptocurrency miners’ shares fell much more sharply than their price.