bitcoin-miners-saw-11%-revenue-drop-in-september

Bitcoin Miners Saw 11% Revenue Drop in September

Monthly combination bitcoin mining earnings since Jan. 2016

Bitcoin miners generated an estimated $328 million in earnings in September, down 11% from August, primarily based entirely mostly on Coin Metrics data analyzed by CoinDesk.

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  • The moderate decrease in earnings came as bitcoin (BTC) stumbled through September, closing the month down 8% after gaining over 25% through July and August.
  • Income estimates hold miners sell their BTC straight.
september-miner-rev

Monthly combination bitcoin mining earnings since Jan. 2016
Source: Coin Metrics, CoinDesk Analysis
  • Network charges introduced in $26 million in September, or factual over 8% of total earnings, down 2 percentage aspects from charges comprising 10% of earnings in August.
  • Particularly, charges as a percentage of total earnings continues a stable upward vogue since April after the block subsidy halving in Would possibly perhaps well.
  • Increases in payment earnings are fundamental to preserve the community’s security as the block reward decreases every four years.
miner-fee-percent

Network charges as a percentage of miner earnings since Jan. 2016
Source: Coin Metrics, CoinDesk Analysis
  • Bitcoin’s life like transaction payment bounced between $1 and $5 through September.
  • As some cryptocurrency traders are rotating funds from altcoins and stablecoins into BTC, miners can relish hopes for a bigger BTC price and subsequent earnings recount through October.

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