Data: In May, total revenue for Bitcoin miners reached $1.086 billion, setting a new high in four months

According to Bitcoin.com, in May, the total revenue of Bitcoin miners reached $1.086 billion, breaking the $1 billion mark for the first time since January, with block subsidies accounting for $1.079 billion and transaction fees contributing minimally. However, with the decline in Bitcoin prices, miners are facing profitability pressure.

Hashrate has dropped from the 1000 EH/s range to below 975 EH/s, and daily revenue per PH/s (mining price) has decreased from $37.44 a month ago to about $30.77, a decline of 17.82%. The block output interval has extended to 10 minutes and 49 seconds, and it is expected that the network difficulty may decrease by 7.5% around June 13. The proportion of transaction fees in the block reward has rebounded from less than 0.6% to about 1.16% in the past 24 hours, providing a slight buffer for miners.