{"id":66876,"date":"2022-09-08T14:11:33","date_gmt":"2022-09-08T11:11:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66876"},"modified":"2025-09-07T03:38:45","modified_gmt":"2025-09-07T00:38:45","slug":"bitcoin-miners-revenue-rose-12-in-august","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-rose-12-in-august\/","title":{"rendered":"Bitcoin miners’ revenue rose 12% in August"},"content":{"rendered":"

For August, the aggregate revenue of Bitcoin miners amounted to $684.3 million. The figure rose by 12% compared with the previous month, according to the report<\/a> ForkLog.<\/p>\n

At the same time, the share of fees in revenue fell from 2.02% to 1.41%.<\/p>\n

\"Bitcoin
Data: ForkLog.<\/figcaption><\/figure>\n

The miners of the second-largest cryptocurrency by market cap earned $829 million in the month \u2014 up 22% from July. The volume of commission revenues hardly changed, but their share of the overall figure declined by 4%.<\/p>\n

\"Bitcoin
Data: BTC.com<\/a>.<\/figcaption><\/figure>\n

Barry Silbert’s Foundry USA, part of Digital Currency Group, continued to lead among Bitcoin pools by share of the hashrate<\/a> of the network \u2014 20.9%. AntPool is close to his figure (19.3%), with F2Pool in third place.<\/p>\n

\"Bitcoin
Data: BTC.com<\/a>.<\/figcaption><\/figure>\n

Total mining power of the Bitcoin network as of September 6 reached 224.5 EH\/s. The metric is gradually returning toward the peak reached on June 11 (231 EH\/s).<\/p>\n

\"Bitcoin
Data: Glassnode<\/a>.<\/figcaption><\/figure>\n

As a result of the rise in Bitcoin’s hash rate, mining difficulty for the first cryptocurrency on August 31 increased by 9.26%. The metric reached its maximum on May 11 at 31.25 TH<\/a>.<\/p>\n

Ahead of The Merge<\/a>, Ethereum’s hash rate, after May’s highs, stands around 890 TH\/s.<\/p>\n

\"Bitcoin
Data: Glassnode<\/a>.<\/figcaption><\/figure>\n

Presumably, some miners are gradually switching to Ethereum Classic (ETC) mining, not waiting for Ethereum’s transition to the Proof-of-Stake algorithm. This is indirectly evidenced by the Ethereum fork’s maximum hash-rate<\/a> readings in early September.<\/p>\n

Analysts at JPMorgan have suggested that Ethereum Classic could become the main beneficiary<\/a> of miner influx after The Merge.<\/p>\n

Major pools such as Ethermine<\/a> and AntPool<\/a> have offered to switch mining to the Ethereum fork.<\/p>\n

The head of ETC Cooperative, the organization backing Ethereum Classic’s development, Bob Summerwill, also urged Ethereum miners to connect to the network<\/a>.<\/p>\n

As noted, supporters of the PoW fork of Ethereum were skeptical about<\/a> Ethereum Classic’s ability to absorb the freed-up computing power.<\/p>\n

Read ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

In August, total revenue of Bitcoin miners amounted to $684.3 million. The figure rose by 12% from the previous month, according to the ForkLog report.<\/p>\n","protected":false},"author":1,"featured_media":66877,"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],"class_list":["post-66876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66876","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=66876"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66876\/revisions"}],"predecessor-version":[{"id":66878,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66876\/revisions\/66878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66877"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}