In August, the income of bitcoin miners grew by 12%

In August, the income of bitcoin miners grew by 12%

August income bitcoin miners grew by 12%

According to the results of August, the total income of bitcoin miners amounted to $684.3 million. The figure increased by 12% compared to the previous month, follows from the ForkLog report.

At the same time, the share of commissions in revenue decreased from 2.02% to 1.41%.

Bitcoin miner income increased by 12% in August

Data: ForkLog.

Miners of the second largest cryptocurrency by capitalization earned $829 million in a month, which is 22% more than in July. The volume of commission income remained practically unchanged, but their share in the total indicator decreased by 4%.

Bitcoin miner income in August increased by 12%

Data: ForkLog.

Foundry USA, part of Barry Silbert's Digital Currency Group, continues to hold the lead among bitcoin pools in terms of its share in the network hashrate – 20.9%. AntPool (19.3%) approached its indicator, F2Pool occupies the third line of the rating

Bitcoin miner income in August grew by 12%

BTC.com data

The total computing power of the digital gold network reached 224.5 EH/s as of September 6. The indicator is gradually returning to levels near the peak value of June 11 (231 EH/s).

Bitcoin miner income increased by 12% in August

Data: Glassnode.

As a result of the growth of the bitcoin hashrate, the difficulty of mining the first cryptocurrency on August 31 increased immediately by 9.26%. Difficulty peaked at 31.25 TH/s on May 11.

Ahead of The Merge, Ethereum hashrate is hovering around 890 TH/s after the May highs.

Bitcoin miners' income increased by 12% in August

Data: Glassnode.

Presumably, some cryptocurrency miners are gradually switching to Ethereum Classic (ETC) mining without waiting for Ethereum to switch to the Proof-of-Stake algorithm. This is indirectly evidenced by the achievement of the maximum hash rate by the Ethereum fork in early September.

What is Ethereum Classic and ETC cryptocurrency?

JPMorgan Analysts Assume Ethereum Classic Will Become Mainstream beneficiary of the influx of miners after The Merge.

Switch to mining the Ethereum fork was suggested to users by large pools like Ethermine and AntPool.

The head of the ETC Cooperative behind the development of the Ethereum Classic ecosystem, Bob Summerville, also called on miners ether to connect to the network.

Recall that supporters of the Ethereum PoW fork were skeptical about the ability of the ETC blockchain to accept the released computing power.

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