Bitcoin mining revenue rebounds to $875.35M

• Bitcoin miners generated US$875.35 million in July, rising US$38.93 million from June's US$836.41 million.
• Mining hashprice increased from US$29.01 to US$31.59 per PH/s over the past 30 days.
• August brings a projected 1.87% difficulty increase alongside BIP-110 signalling and a planned eCash fork.

Bitcoin (CRYPTO) miners generated US$875.35 million in July, up US$38.93 million from US$836.41 million in June.

July's total remained below May's US$1.086 billion, despite Bitcoin gaining about 1.6% over the past 30 days.

Bitcoin's mining hashprice increased from US$29.01 to US$31.59 per PH/s over 30 days, improving revenue generated from computing power.

Bitcoin's next difficulty adjustment was projected to rise 1.87%, potentially increasing competition among miners for block rewards.

BIP-110 enters a key signalling period around 8–9 August, with support near 2% of Bitcoin's computing power.

Developer Paul Sztorc also plans an eCash fork in August that could attract SHA-256 computing power from Bitcoin miners.

Bitcoin mining difficulty automatically adjusts roughly every 2,016 blocks to maintain an average block interval near 10 minutes.

At the time of reporting, Bitcoin price was $63,395.63.