Bitcoin miners’ revenue fell 9% in July.

In July, the total revenue of Bitcoin miners amounted to $609.7 million. The figure fell by 9% compared with June, according to ForkLog’s analytical report.

Corresponding figure for Ethereum miners fell by 4%, to $679.4 billion. In the previous period, the drop exceeded 50%.

As a result of the latest recalculation, Bitcoin mining difficulty fell by 5.01% to 27.69 T. This marked the largest reduction in the indicator since the start of the year.

Bitcoin hashrate rose by 4% to 211.93 EH/s. Since the start of the year the metric has risen by 16.6%.

Bitcoin network fees in July remained largely unchanged, occasionally exceeding the $2 mark. The Ethereum transaction fee continued to fall, down 47% for the month.

In early August, Marathon Digital Holdings agreed to open a revolving credit line of $100 million from Silvergate Capital, collateralised by Bitcoin.

In late July, Canaan announced plans to open a cryptocurrency mining facility in the United States.

Earlier, the largest Monero mining pool — MineXMR — announced the shutdown on August 12.

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