Oct 2, 2020 at 19:42 UTCUpdated Oct 2, 2020 at 20:01 UTC.Bitcoin miners generated an estimated $328 million in revenue in September, down 11% from August, according to Coin Metrics data analyzed by CoinDesk.
The moderate decrease in revenue came as bitcoin stumbled through September, closing the month down 8% after gaining over 25% through July and August.
Revenue estimates assume miners sell their BTC immediately.
Network fees brought in $26 million in September, or just over 8% of total revenue, down 2 percentage points from fees comprising 10% of revenue in August.
Notably, fees as a percentage of total revenue continues a strong upward trend since April after the block subsidy halving in May.Increases in fee revenue are important to sustain the network's security as the block reward decreases every four years.
Bitcoin Miners Saw 11% Revenue Drop in September
pubblicato su Oct 2, 2020
by Coindesk | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.