Bitcoin miners made $368 million in income throughout August

Bitcoin miners made $368.three million in income final month, signifying a 23.19% month-over-month improve.

Per the chart beneath, this was the very best income determine — when accounting for block rewards and transaction charges — up to now three months.

Supply: Coin Metrics, The Block Analysis

Bitcoin’s transaction charges grew from roughly 8.5% in July to 10.7% in August, in line with a current report by The Block’s Steven Zhang and Lars Hoffmann. 

Quite the opposite, Ethereum miners generated $285.1 million in income final month, marking a 98.2% month-over-month improve — the very best in 25 months. 

Notably, transaction charges on Ethereum elevated drastically and made up 40.5% of Ethereum miners’ whole income, in comparison with 10% in May. 

In June, bitcoin miners generated $281.6 million in income. The block reward halving in May minimize the per block subsidy from 12.5 BTC to six.25 BTC, leading to a 15-month low for income. 

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