{"id":69608,"date":"2022-11-05T14:29:12","date_gmt":"2022-11-05T12:29:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69608"},"modified":"2025-09-07T21:03:21","modified_gmt":"2025-09-07T18:03:21","slug":"bitcoin-miners-revenue-up-7-in-october","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-up-7-in-october\/","title":{"rendered":"Bitcoin miners’ revenue up 7% in October"},"content":{"rendered":"

In October, aggregate revenue of Bitcoin miners totaled $589.7 million. The figure rose by 7% from the previous month<\/a>, according to the report<\/a> ForkLog.<\/p>\n

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Bitcoin miners’ monthly revenues, in millions of dollars. Data: ForkLog.<\/figcaption><\/figure>\n

However receipts from transaction fees declined, from $9 million to $7 million. Their share of the total for the month fell from 1.63% to 1.28%.<\/p>\n

The rise in revenues was accompanied by a moderate increase in hashrate (+3.45%), potentially aided by the commissioning of next-generation miners<\/a>.<\/p>\n

\\\"\u0412
Bitcoin hashrate dynamics, EH\/s. Data: ForkLog.<\/figcaption><\/figure>\n

The share of public miners in Bitcoin’s hashrate reached 25%<\/a>.<\/p>\n

Following the latest difficulty retarget, the mining difficulty of the first cryptocurrency rose by 3.44%<\/a>, to a new high of 36.84 T. Since the start of the year, the hashrate-linked indicator has risen by 52%.<\/p>\n

Against a falling market, this hit the earnings of many miners, including large players such as Compute North<\/a>.<\/p>\n

\\\"\u0412
Bitcoin mining difficulty. Data: ForkLog.<\/figcaption><\/figure>\n

Hashprice<\/span> is at record lows\u2014about $0.07 per TH\/s. Further declines in the face of rising difficulty and stagnant price could spell miner capitulation. The latter typically precedes consolidation and a trend reversal.<\/p>\n

\\\"\u0412
Hashprice dynamics for Bitcoin. Data: ForkLog.<\/figcaption><\/figure>\n

Foundry USA further strengthened its lead among the largest Bitcoin mining pools in October \u2014 its share of total hashrate reached 25.9%.<\/p>\n

AntPool also significantly increased its market position over the month\u2014from 17.8% to 19.2%. F2Pool and Binance Pool were little changed. The share of Poolin<\/a>, which has faced difficulties, fell from 5.3% to 2.4%.<\/p>\n

\\\"\u0412
Largest Bitcoin mining pools. Data: BTC.com<\/a>.<\/figcaption><\/figure>\n

In October, the average Bitcoin transaction fee mostly did not exceed $1. Only in the second half of the month did the metric rise, reaching $1.59. This is linked to a revival of on-chain activity as Bitcoin’s price rose above $20,000.<\/p>\n

The average Ethereum transaction fee at the start of the month reached $4.67, in line with August levels. It then declined. Relatively low fees on the Ethereum network indicate still subdued DeFi activity and a downturn in the NFT sector.<\/p>\n

\\\"\u0412
Hashprice dynamics for BTC- and ETH-transaction fees. Data: ForkLog.<\/figcaption><\/figure>\n

In October, Marathon Digital Holdings mined a record 615 BTC, increasing hashrate by about 84% . Its competitor CleanSpark acquired 3,843 modern devices<\/a> Antminer S19j Pro from Bitmain for $5.9 million.<\/p>\n

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

In October, the aggregate income of Bitcoin miners amounted to $589.7 million. The figure rose by 7% from the previous month, according to ForkLog’s report.<\/p>\n","protected":false},"author":1,"featured_media":69609,"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-69608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69608","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=69608"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69608\/revisions"}],"predecessor-version":[{"id":69610,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69608\/revisions\/69610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69609"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}