Revenues of Bitcoin miners in August rose by a quarter to $ 368 million
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 rose 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-traded deposits accounted for only about 4% of miners’ commission income.
At the same time, there is a resumption of growth in fees on the Ethereum network. The value has held above $ 2 for longer than a month, and hit 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 5 to 15 January 2018, the second from 1 to 7 July of the same year.
Pi Capital Union