{"id":65421,"date":"2022-08-06T10:13:41","date_gmt":"2022-08-06T07:13:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65421"},"modified":"2025-09-06T19:52:38","modified_gmt":"2025-09-06T16:52:38","slug":"bitcoin-miners-revenue-fell-9-in-july","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-fell-9-in-july\/","title":{"rendered":"Bitcoin miners\u2019 revenue fell 9% in July."},"content":{"rendered":"

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<\/a>.<\/p>\n

\\\"Bitcoin
Bitcoin miners’ revenue by month, $ million. Data: Glassnode.<\/figcaption><\/figure>\n

Corresponding figure for Ethereum miners fell by 4%, to $679.4 billion. In the previous period, the drop exceeded 50%.<\/p>\n

\\\"Ethereum
Ethereum miners’ revenue by month, $ million. Data: Glassnode.<\/figcaption><\/figure>\n

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.<\/p>\n

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

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

\\\"Bitcoin
Bitcoin hash rate dynamics, EH\/s. Data: Glassnode.<\/figcaption><\/figure>\n

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.<\/p>\n

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

In late July, Canaan announced<\/a> plans to open a cryptocurrency mining facility in the United States.<\/p>\n

Earlier, the largest Monero mining pool \u2014 MineXMR \u2014 announced the shutdown<\/a> on August 12.<\/p>\n

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

In July, total revenue for Bitcoin miners amounted to $609.7 million. The figure fell by 9% from June, according to ForkLog’s analytical report.<\/p>\n","protected":false},"author":1,"featured_media":65422,"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-65421","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:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65421","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=65421"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65421\/revisions"}],"predecessor-version":[{"id":65423,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65421\/revisions\/65423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65422"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}