Bitcoin miners' total revenue reached $1.086 billion in May, a four-month high.

Bitcoin miners' total revenue reached $1.086 billion in May, surpassing the $1 billion mark for the first time since January. Block rewards accounted for $1.079 billion, while transaction fees contributed negligibly. However, with the decline in Bitcoin prices, miners are facing profit pressure. Hashrate has dropped from the 1000 EH/s range to below 975 EH/s, and daily revenue per PH/s (based on the price) has decreased from $37.44 a month ago to approximately $30.77, a drop of 17.82%. The block generation interval has extended to 10 minutes and 49 seconds, and the network difficulty is expected to decrease by 7.5% around June 13th. In the past 24 hours, transaction fees as a percentage of block rewards have rebounded from less than 0.6% to approximately 1.16%, providing a slight buffer for miners.