{"id":48610,"date":"2021-08-31T14:04:45","date_gmt":"2021-08-31T11:04:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48610"},"modified":"2025-09-02T03:07:01","modified_gmt":"2025-09-02T00:07:01","slug":"ethereum-miners-revenue-rose-60-in-august","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-miners-revenue-rose-60-in-august\/","title":{"rendered":"Ethereum miners’ revenue rose 60% in August"},"content":{"rendered":"

Total Ethereum miners’ revenue in August reached $1.65 billion, up 60% from July.<\/p>\n

\\\"Ethereum
Data: The Block<\/a>.<\/figcaption><\/figure>\n

The rise occurred despite the activation on August 5 of the London<\/a> hard fork implementing EIP-1559, which provides for burning a portion of fees.<\/p>\n

As of writing, a total of 146,819 ETH has been burned, worth around $488 million.<\/p>\n

\\\"Ethereum
Data: Watch The Burn<\/a>.<\/figcaption><\/figure>\n

This did not prevent miners from taking in $644.14 million in fees in the month, up from $201 million in July.<\/p>\n

The rise helped fuel a boom in the non-fungible token (NFT) market. In August, trading volume on the largest NFT marketplace OpenSea exceeded $3 billion<\/a>, up 800% from the previous month.<\/p>\n

In addition, Ethereum’s price in August rose markedly versus July. Against the backdrop of the fork, quotes surpassed the $2,800<\/a> level, then rose to <\/a>$<\/a>3,100<\/a>. In mid-month the price reached $3,300<\/a>.<\/p>\n

\\\"Ethereum
4-hour ETH\/USD chart on Bitstamp. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Ethereum’s hash rate in August hit a new high<\/a> at 646.7 TH\/s, surpassing the May peak of 643.8 TH\/s.<\/p>\n

However, May’s miners’ revenue of $2.39 billion remains a record<\/a>.<\/p>\n

Compass analysts forecast that after the fork Ethereum miners\u2019 revenue will fall by 20-30%<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total Ethereum miners’ revenue in August reached $1.65 billion, up 60% from July.<\/p>\n","protected":false},"author":1,"featured_media":48611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,46,1343],"class_list":["post-48610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ethereum","tag-income"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48610"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48610\/revisions"}],"predecessor-version":[{"id":48612,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48610\/revisions\/48612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48611"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}