Revenues of Bitcoin miners in August rose by a quarter to $ 368 million
The revenues of Bitcoin miners in August reached $ 368.3 million, according to data from The Block. The increase in comparison with the previous month was 23.19%.
Taking into account block rewards and commissions, Bitcoin miners’ earnings in August were the highest in three months and since halving. The share of commissions in income increased from 8.5% in July to 10.7% in August.
At the same time, the income of Ethereum miners for the month increased by 98.2% to $ 285.1 million, which was the highest value in 25 months. Of this number, 40.5% fell on commissions, while in May their share was 10%.
Also, Glassnode data indicates that almost 10% of all Bitcoin miner fees currently come from deposits to centralized exchanges. The value has not risen to this level since January 2018. At the beginning of 2020, exchange deposits accounted for only about 4% of miners’ income from commissions.
At the same time, there is a resumption of growth in fees in the Ethereum network. The value has held above $ 2 for longer than a month, and reached an all-time high of around $ 15 on September 2, before falling to $ 2.67 on September 9. From September 8 to 10, the increase was 70% to $ 4.55.
According to BitInfoCharts, for a long time above $ 2 commissions on the Ethereum network were held only twice before. The first such case was recorded from January 5 to 15, 2018, the second – from July 1 to 7 of the same year..
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