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Bitcoin miners made $368M revenue


In August there was a good month for mining Bitcoin

This doesn't represent the income stream at all but shows how fees had an impact compared to Ethereum. With a higher price than the pre-halving time, they could leverage the drop.


Bitcoin’s transaction fees grew from roughly 8.5% in July to 10.7% in August, according to a recent report by The Block’s Steven Zhang and Lars Hoffmann. 

On the contrary, Ethereum miners generated $285.1 million in revenue last month, marking a 98.2% month-over-month increase — the highest in 25 months. 

Notably, transaction fees on Ethereum increased drastically and made up 40.5% of Ethereum miners’ total revenue, compared to 10% in May.  In June, bitcoin miners generated $281.6 million in revenue. The block reward halving in May cut the per block subsidy from 12.5 BTC to 6.25 BTC, resulting in a 15-month low for revenue.

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