Bitcoin mining revenues fell by more than 20% in May

Bitcoin mining revenues fell in Could by 21.6%, based on knowledge compiled by The Block Analysis.

Final month, miners introduced in about $906.2 million in income.

In comparison with October 2021, that is an excellent greater drop of about 47%. Month-to-month revenues have typically decreased since, with a slight uptick in March.

Most bitcoin revenues got here from the block reward subsidy ($890.01 million) and solely a small portion from transaction charges ($16.18 million). The share of Bitcoin transaction charges over whole income elevated in Could to about 1.87%.

Ethereum miners made 1.08 occasions extra in income than Bitcoin miners in Could.