{"id":71050,"date":"2022-12-06T12:11:49","date_gmt":"2022-12-06T10:11:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71050"},"modified":"2025-09-08T05:52:26","modified_gmt":"2025-09-08T02:52:26","slug":"bitcoin-miners-revenue-fell-20-in-november","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-fell-20-in-november\/","title":{"rendered":"Bitcoin miners’ revenue fell 20% in November"},"content":{"rendered":"

Total revenue of Bitcoin miners in November stood at $473.2 million. The figure declined by 20% compared with \u0441 \u043e\u043a\u0442\u044f\u0431\u0440\u0435\u043c<\/a>, according to \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u043e\u0433\u043e \u043e\u0442\u0447\u0435\u0442\u0430<\/a> ForkLog.<\/p>\n

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

Revenue from transaction fees brought miners $12 million, up from $7 million a month earlier.<\/p>\n

Overall revenue decline was driven by a drop in Bitcoin price and rising mining difficulty \u2014 on 21 November the metric \u0434\u043e\u0441\u0442\u0438\u0433 \u043d\u043e\u0432\u043e\u0433\u043e \u043c\u0430\u043a\u0441\u0438\u043c\u0443\u043c\u0430 \u043d\u0430 \u043e\u0442\u043c\u0435\u0442\u043a\u0435 36,95 \u0422<\/a>.<\/p>\n

As a result, hashprice<\/span> hit historic lows, dropping to $0.056 per 1 TH\/s.<\/p>\n

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

Aggregate Bitcoin network hash rate (7 MA<\/span>) barely changed in November, though it dipped to 234 EH\/s amid a deep market correction. This could reflect miners shutting down part of their equipment.<\/p>\n

For example, at the end of the month, Hut 8 Mining paused operations<\/a> at one of its facilities at 1.17 EH\/s. After receiving default notices<\/a> from two Iris Energy units, they took offline capacity<\/a> amounting to about 3.6 EH\/s.<\/p>\n

\\\"Bitcoin
Data: ForkLog<\/figcaption><\/figure>\n

In terms of pools, Foundry USA strengthened its lead in hash-rate share with a 26.4% stake. It is followed by AntPool, F2Pool and Binance Pool.<\/p>\n

The latter’s share for the month rose from 12.4% to 13.1%. In November, Binance Pool introduced<\/a> a cloud-mining service for Bitcoin.<\/p>\n

\\\"Bitcoin
Data: ForkLog<\/figcaption><\/figure>\n

The month was tough for the mining industry\u2019s publicly listed players, with most reporting double-digit declines. While Canaan reported an collapse<\/a> of quarterly profit by 90%, Riot Blockchain<\/a> and Marathon Digital<\/a> managed only to trim losses for the period.<\/p>\n

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

In the latest adjustment, Bitcoin mining difficulty fell by 7.32%<\/a> to 34.24 T. A comparable drop in the metric has not been seen since July 2021.<\/p>\n

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

Bitcoin miners’ total revenue in November stood at $473.2 million, down 20% from October, according to ForkLog’s analytical report.<\/p>\n","protected":false},"author":1,"featured_media":71051,"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-71050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71050","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=71050"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71050\/revisions"}],"predecessor-version":[{"id":71052,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71050\/revisions\/71052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71051"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}