{"id":62456,"date":"2022-06-04T14:24:25","date_gmt":"2022-06-04T11:24:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62456"},"modified":"2025-09-05T18:10:46","modified_gmt":"2025-09-05T15:10:46","slug":"bitcoin-miners-revenue-falls-22-in-may","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-miners-revenue-falls-22-in-may\/","title":{"rendered":"Bitcoin miners’ revenue falls 22% in May"},"content":{"rendered":"

In May, the total revenue of Bitcoin miners stood at $906 million. The figure fell 22% from April, according to ForkLog’s analytical report<\/a>.<\/p>\n

\"Bitcoin
Bitcoin miners’ revenue by month, millions of dollars. Data: Glassnode.<\/figcaption><\/figure>\n

The corresponding figure for Ethereum miners fell by 18%, to $1.44 billion.<\/p>\n

\"Ethereum
Ethereum miners’ revenue by month, millions of dollars. Data: Glassnode.<\/figcaption><\/figure>\n

In mid-May, Bitcoin mining difficulty reached an all-time high of 31.25 TH. Then, following the falling hashrate, the metric corrected to 29.9 TH. This decline was the largest since July 2021.<\/p>\n

\"Bitcoin
Bitcoin mining difficulty trend. Data: Coin Metrics.<\/figcaption><\/figure>\n

The Ethereum hashrate reached a record 1039 TH\/s in mid-May. At the start of the month, amid the Otherside metaverse launch<\/a>, the average transaction fee on the network of the second-largest cryptocurrency rose to a record high of $200.<\/p>\n

\"Ethereum
Ethereum hashrate dynamics, h\/s. Data: Glassnode.<\/figcaption><\/figure>\n

Among mining pools, the largest share of hashrate is held by Foundry USA (20.9%). It is followed by F2Pool (14.3%) and AntPool (14.2%).<\/p>\n

Sponsor of the ‘Bitcoin Industry in Numbers’ column \u2014 the global blockchain ecosystem <\/strong>Binance<\/strong><\/a>.<\/strong><\/p>\n

Earlier in the State Duma, an updated draft law ‘On Mining in the Russian Federation’<\/a> was registered. The new document excluded provisions relating to the registry of mining participants and the ‘amnesty’ for the latter.<\/p>\n

The New York State Senate approved a two-year moratorium on cryptocurrency mining<\/a> powered by energy generated from carbon-based sources.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

In May, total revenue of Bitcoin miners stood at $906 million. The figure fell 22% from April, according to ForkLog’s analytical report.<\/p>\n","protected":false},"author":1,"featured_media":62457,"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],"class_list":["post-62456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62456","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=62456"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62456\/revisions"}],"predecessor-version":[{"id":62458,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62456\/revisions\/62458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62457"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}