{"id":61211,"date":"2022-05-10T11:46:51","date_gmt":"2022-05-10T08:46:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61211"},"modified":"2025-09-05T10:50:05","modified_gmt":"2025-09-05T07:50:05","slug":"bitcoin-miner-revenues-fall-4-in-april","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-miner-revenues-fall-4-in-april\/","title":{"rendered":"Bitcoin-miner revenues fall 4% in April"},"content":{"rendered":"<p>In April, total Bitcoin miners&#8217; revenue amounted to $1.15 billion. The metric resumed its downward trend, shrinking by 4% compared with <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-miners-revenue-rose-for-the-first-time-in-five-months\">March<\/a>, according to the <a href=\"https:\/\/forklog.com\/en\/news\/april-2022-in-figures-market-correction-the-rise-of-algorithmic-stablecoins-and-nfts-second-wind\">ForkLog<\/a> report.<\/p>\n<p>The share of fees in revenue fell to 1.14%.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/Yv7l1F8u9Xg8s2is1bIKyH6JJ9VdYVlF-ezQkQyNRYstfVYU9A3nuPSTwpu9kwjGLegsURYbKVtfRef-0gKQfXsqGQtUBEbOW-YnoaMR5zxbPjNlMPT1UvdvaXoVUrJWeOPloW6hIoGTrzLL0A\\\" alt=\\\"Bitcoin-miner revenues in April fall by 4%\\\"\/><figcaption>Bitcoin miner revenues by month, millions of dollars. Data: Glassnode.<\/figcaption><\/figure>\n<p>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.<\/p>\n<p>In April, total receipts amounted to $1.75 billion \u2014 up 8% from March. The share of fees rose slightly \u2014 to 41%.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/O2r-xH2x2z7UklAI8HrIqmtdA3XI1VPL20znPnrCBccGBAfmKU9jgrJ1q453bdScXQRFZPPXn1QajuPmWZlHAQOKfTvhoxY4kO6lKRGZQNM4Rp4Q1E7w0Fkcan8DaY61ItYoHxS0cNbbTuWzpA\\\" alt=\\\"Trend of the average fee per BTC and ETH transaction\\\"\/><figcaption>Trend of the average fee per BTC and ETH transaction. Data: Glassnode.<\/figcaption><\/figure>\n<p>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 <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-mining-difficulty-hits-a-new-high-up-more-than-5-5\">29.79 T<\/a>.<\/p>\n<p>Total Ethereum hash rate also hit a new all-time high, surpassing 1000 TH\/s.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/SC6-CzYJxA__HJ5iSf17iOapWRVJXntOuh5UusQhS2-MPBN-OR7DWmKLSByDBNbkFAX_oH6QoBu-IHKmN3Uw0l-dBTZEePiKzP-VXfDOpjuuUX9itRlX7QLriKWuEx9ymkWAR3isA2Dk77YS6g\\\" alt=\\\"Largest Bitcoin mining pools. Data from BTC.com as of 1 May 2022.\\\"\/><figcaption>The largest Bitcoin mining pools. Data from BTC.com as of 1 May 2022.<\/figcaption><\/figure>\n<p>In April, Foundry USA extended its lead among Bitcoin mining pools \u2014 its share of the hash rate rose from 19.3% to 23%. Its participants include large North American miners traded on stock exchanges.<\/p>\n<p>According to Arcane Research, publicly traded mining companies <a href=\"https:\/\/forklog.com\/en\/news\/publicly-listed-mining-companies-account-for-19-of-bitcoins-total-hash-rate\">account for roughly a fifth of the total Bitcoin hashrate.<\/a><\/p>\n<p><strong>Sponsor of the &#8216;Bitcoin Industry in Numbers&#8217; column \u2014 the global blockchain ecosystem <\/strong><a href=\\\"https:\/\/www.binance.com\/ru\\\"><strong>Binance<\/strong><\/a><strong>.<\/strong><\/p>\n<p>In April, cryptocurrency miners&#8217; shares fell much more sharply than <a href=\"https:\/\/forklog.com\/en\/news\/crypto-sector-shares-fell-more-steeply-than-bitcoin-in-april\">their price<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In April, total Bitcoin miners&#8217; revenue amounted to $1.15 billion. The figure resumed its downward trend, shrinking by 4% from March, according to ForkLog.<\/p>\n","protected":false},"author":1,"featured_media":61212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1343,1252],"class_list":["post-61211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-income","tag-reports"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61211"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61211\/revisions"}],"predecessor-version":[{"id":61213,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61211\/revisions\/61213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61212"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}