{"id":73595,"date":"2023-02-04T14:53:42","date_gmt":"2023-02-04T12:53:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73595"},"modified":"2025-09-09T15:00:16","modified_gmt":"2025-09-09T12:00:16","slug":"bitcoin-miners-revenue-rose-27-in-january","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-rose-27-in-january\/","title":{"rendered":"Bitcoin miners’ revenue rose 27% in January"},"content":{"rendered":"

Aggregate revenue of Bitcoin miners in January amounted to $604.6 million. The figure rose by 27% from December, according to an analytical report<\/a> ForkLog.<\/p>\n

\"111-38\"
Bitcoin miners’ revenues by month, USD millions. Data: Glassnode.<\/figcaption><\/figure>\n

The average transaction fee for Bitcoin in January rose by 127%\u2014from $0.62 to $1.41. Over the same period, the corresponding Ethereum metric rose by 55%\u2014from $2.93 to $4.54.<\/p>\n

The share of fees in revenue fell to 1.38% (2% in December).<\/p>\n

\"222-31\"
Evolution of the average BTC- and ETH-transaction fees. Data: Coin Metrics.<\/figcaption><\/figure>\n

Against the backdrop of price recovery, Bitcoin’s hashrate in January rose by 8.6%, approaching the 300 EH\/s threshold.<\/p>\n

The overall trend of the metric remains persistently upward, indicating market participants’ confidence in Bitcoin’s long-term prospects.<\/p>\n

\"333-18\"
Bitcoin hashrate dynamics, EH\/s. Data: Glassnode.<\/figcaption><\/figure>\n

The mining difficulty, closely linked to the hashrate, again hit a new historical high \u2014 at 39.35 T.<\/p>\n

An increase in the metric reduces mining profitability and caps miners’ revenue growth, but on the other hand stimulates investment in high-performance and energy-efficient equipment.<\/p>\n

\"444-7\"
Bitcoin mining difficulty. Data: Coin Metrics.<\/figcaption><\/figure>\n

Hashprice<\/span> for Bitcoin is gradually recovering. The indicator has already reached October 2022 levels, preceding the November market crash.<\/p>\n

\"555-3\"
Hashprice dynamics. Data: Hashrate Index.<\/figcaption><\/figure>\n

The share of the largest pool \u2014 Foundry USA \u2014 nearly reached one third of the total Bitcoin hashrate (32.3%). A month earlier the figure stood at 26.7%. Accordingly, the gap to the nearest competitor \u2014 AntPool (19.7%) \u2014 widened.<\/p>\n

Earlier in January, Marathon Digital sold 1,500 BTC<\/a> to cover part of its expenses. The firm holds a total of 11,418 BTC.<\/p>\n

In February, the U.S. mining company TeraWulf announced a $32 million equity raise<\/a> via a stock placement. The initiative aligns with a legally binding agreement with creditors on debt restructuring.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin miners’ aggregate revenue in January reached $604.6 million, up 27% from December, according to ForkLog’s analytical report.<\/p>\n","protected":false},"author":1,"featured_media":73596,"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-73595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73595","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=73595"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73595\/revisions"}],"predecessor-version":[{"id":73597,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73595\/revisions\/73597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73596"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}