Bitcoin miners face the toughest month of 2024: August earnings hit a new low for the year
2024-09-01 19:47:18
August was the most difficult month for bitcoin miners to earn this year. Bitcoin mining revenue in August fell by $99.75 million compared to July, setting the lowest income since September 2023. On-chain fees charged in August also fell, with subsidies and fees generating a total of $851.36 million, of which $20.76 million came from on-chain fees, reaching the lowest level since last year and falling by $4.14 million compared to July.
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