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Bitcoin Miners' May Revenue Hits $1.086 Billion, Highest in Four Months

GateNews
BTC-4.92%
According to Bitcoin.com, Bitcoin miners' total revenue in May reached $1.086 billion, marking the first time since January that monthly revenue exceeded $1 billion. Block subsidies accounted for $1.079 billion, with transaction fees contributing negligibly. However, declining Bitcoin prices have pressured profitability. Hash rate has dropped from the 1,000 EH/s range to below 975 EH/s, while daily revenue per PH/s (hash price) fell approximately 17.82% to $30.77 from $37.44 a month earlier. Transaction fees as a share of block rewards rose to approximately 1.16% in the past 24 hours, providing miners modest relief.
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