Bitcoin miners post $1.4 billion in revenue for August, data shows

Sep 1, 2021 | The Block News | 0 comments

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Bitcoin miners brought in approximately $1.41 billion in revenue during the month of August, according to data compiled by The Block Research. 

The monthly figure is below the all-time peak of $1.75 billion posted in March but represents a month-over-month increase — roughly 45% — from July’s $971.83 million. 

The vast majority of the August revenue figure came in the form of the block subsidy, or the 6.25 BTC received by a miner when they successfully create a block. 

August marks the fourth month in a row during which the share of the transaction fee compared to the total bitcoin mining revenue fell. The transaction fee share dropped from 3.1% in July to 1.35% in August — an overall decrease of 56%. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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