Bitcoin mining revenues fell in June by 26.3%, according to a data compiled by The Block Research.
Last month, miners brought in about $668 million in revenue, while Bitcoin lost about a third of its value.
Compared to October 2021, that’s an even bigger drop of about 61%. Monthly revenues have generally decreased since, with a slight uptick in March.
Most bitcoin revenues came from the block reward subsidy ($656.47 million) and only a small portion from transaction fees ($11.47 million).
Bitcoin miners generated about 1.26 times more revenue than Ethereum miners in June, reversing what had been the trend since April 2021. In May, Ethereum miners made 1.08 times more in revenue than Bitcoin miners.