April 26, 2024

BTC miners earned $ 368 million in August

BTC miners earned $ 368 million in August

Last month, Bitcoin miners earned $368.3 million, increasing their profits by 23% compared tolast month.

August has become the most profitable summer month for BTC miners. In addition, ETH miners set a record for the past two years in August, earning $ 285 million.

BTC miners earned $ 368 million in August

It is noteworthy that 40% of all ETH miners' profits come from commissions. 

In June, BTC miners earned $ 281 million. The block reward cut that occurred in May significantly impacted mining profitability, resulting in record low earnings.

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Based on materialshttps://www.theblockcrypto.com/linked/77600/bitcoin-miners-august-revenue