{"id":59812,"date":"2022-04-08T12:31:59","date_gmt":"2022-04-08T09:31:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59812"},"modified":"2025-09-05T00:00:17","modified_gmt":"2025-09-04T21:00:17","slug":"bitcoin-miners-revenue-rose-for-the-first-time-in-five-months","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-rose-for-the-first-time-in-five-months\/","title":{"rendered":"Bitcoin miners&#8217; revenue rose for the first time in five months"},"content":{"rendered":"<p>In March 2022, bitcoin miners&#8217; revenue rose by 14% from <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miners-revenue-in-february-fell-by-13\">the previous month<\/a> and amounted to about $1.2 billion. The indicator rose for the first time since October 2021, according to <a href=\"https:\/\/u1f987.com\/en\/news\/march-2022-in-numbers-terra-rally-19-million-bitcoins-m-mined-and-russia-sanctions\">ForkLog report<\/a>.<\/p>\n<p>The share of fees in receipts stood at just over 1%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/_heqlr1qMqE98skuoEO0EknSjaP_41_4h_Sq2ox26TY7otL7leBhvxA0JZYZIe7zCm1qPgntX8T8kVHuhDUJ1oMIoBAUocRnpe0sEvKDmf3zWzyRdKLBpb1NB4tu6rvl3afNtVHo\" alt=\"Bitcoin miners' revenue rose for the first time in five months\"\/><figcaption>Bitcoin miners&#8217; revenues by month. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1620045296&#038;u=1627821296&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>Ethereum miners&#8217; revenue continued its downward trend \u2014 in March receipts fell by 9%, to $1.63 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/WDvkcz8_LL8e07ONr5gPzYOiq3MpQah1iWSNBVA6eqw5c3mquDoEZQ_lVAWMg-v17mtm0bq-mealkqwqpci0W5QaobsZv8sA8yO3Q_TbRQg-iyUofsK-XtawIBv3P0xAt4B3sZwB\" alt=\"Ethereum miners' revenue declined in March\"\/><figcaption>Ethereum miners&#8217; revenues by month. Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=Miners&#038;m=mining.RevenueSum&#038;s=1641020240&#038;u=1648792640&#038;zoom=90\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>Fees traditionally form a substantial portion of miners&#8217; revenues for the second-largest cryptocurrency by market cap. But in March their volume fell about 40% compared with February \u2014 to $424 million. Growth in revenue from mined blocks by around 20% could not offset such a decline.<\/p>\n<p>The share of fees in the overall metric dropped to 35.16%.<\/p>\n<p>On the last day of March, Bitcoin mining difficulty <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-hits-an-all-time-high\">reached an all-time high<\/a>, hitting 28.58 T. The network&#8217;s hash rate stands at around 200 EH\/s (a seven-day moving average).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/t4u9I-E7ljFD3i9PaAjj3DAetDBN27iCE-589eAu68lkT67_Kua3WzIktx5fhkjlG_Rziwa1O6Gf19LZFvKhwZiXn8wuq_gIPJ1Lj2kD2iYm7OmH5PUHHkoxTjCpllal8yEImcPf\" alt=\"Bitcoin mining difficulty at all-time high\"\/><figcaption>Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;ema=0&#038;m=mining.HashRateMean&#038;mAvg=7&#038;mMedian=0&#038;s=1600911698&#038;u=1649376000&#038;zoom=\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>As of April 1, the Foundry USA mining pool strengthened its lead in the network&#8217;s hashrate share\u2014to 19.3%. Among its participants are large American mining firms traded on stock exchanges.<\/p>\n<p>Analysts at Arcane Research noted that the share of public companies in Bitcoin&#8217;s hashrate <a href=\"https:\/\/u1f987.com\/en\/news\/publicly-listed-mining-companies-account-for-19-of-bitcoins-total-hash-rate\">reached 19%<\/a>. In January the figure stood at about 3%.<\/p>\n<p><strong>Sponsor of the &#8216;Bitcoin Industry in Numbers&#8217; column\u2014the global blockchain ecosystem <a href=\"https:\/\/www.binance.com\/ru\"><strong>Binance<\/strong><\/a>.<\/strong><\/p>\n<p>In the first quarter of 2022, one of the largest mining companies in North America, Marathon Digital Holdings, <a href=\"https:\/\/u1f987.com\/en\/news\/marathon-mines-1258-6-btc-in-q1-2022\">mined a record 1,258.6 BTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March 2022, bitcoin miners&#8217; revenue rose 14% from the previous month and amounted to about $1.2 billion. The indicator rose for the first time since October 2021, according to ForkLog report.<\/p>\n","protected":false},"author":1,"featured_media":59813,"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-59812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59812","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=59812"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59812\/revisions"}],"predecessor-version":[{"id":59814,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59812\/revisions\/59814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59813"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}