{"id":16604,"date":"2024-09-02T13:25:00","date_gmt":"2024-09-02T10:25:00","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-miners-revenue-hits-11-month-low\/"},"modified":"2024-09-02T13:25:00","modified_gmt":"2024-09-02T10:25:00","slug":"bitcoin-miners-revenue-hits-11-month-low","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-hits-11-month-low\/","title":{"rendered":"Bitcoin Miners’ Revenue Hits 11-Month Low"},"content":{"rendered":"

In August, the revenue of Bitcoin miners fell to $827.56 million, the lowest since September 2023, according to BiTBO<\/a>.<\/p>\n

\"1-1186\"
Data: BiTBO.<\/figcaption><\/figure>\n

Compared to July, the figure decreased by 10.5%. In August of the previous year, the value had increased by 5%.<\/p>\n

In March 2024, amid a price surge to ATH<\/span>, revenue reached $1.93 billion. Relative to this peak, the metric plummeted by 57% in August.<\/p>\n

The number of bitcoins mined decreased from 14,725 BTC in July to 13,843 BTC.<\/p>\n

The dynamics were influenced by an increase in difficulty levels and a drop in transaction numbers. The former indicator jumped to a record 89.47 T<\/a>. The latter, recalculated over 30 days at the end of summer, reached an annual peak of 631,648 before falling to 594,871<\/a>.<\/p>\n

Back in April, the halving<\/a> reduced the block reward from 6.25 BTC to 3.125 BTC, exacerbating financial difficulties<\/a> for industry participants. <\/p>\n

Some were forced into bankruptcy, like Rhodium Enterprises<\/a>, while others, such as CleanSpark<\/a>, Riot Platforms<\/a>, and Bitfarms<\/a>, seized the opportunity to acquire competitors. Some, like Swan Bitcoin<\/a>, ceased operations.<\/p>\n","protected":false},"excerpt":{"rendered":"

In August, the revenue of Bitcoin miners fell to $827.56 million, the lowest since September 2023, according to BiTBO. Data: BiTBO. Compared to July, the figure decreased by 10.5%. In August of the previous year, the value had increased by 5%. In March 2024, amid a price surge to ATH, revenue reached $1.93 billion. Relative […]<\/p>\n","protected":false},"author":1,"featured_media":16603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1268],"class_list":["post-16604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16604"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16603"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}