In keeping with the most recent knowledge, bitcoin miners pulled in $815.7 million from rewards and charges in September, marking their lowest earnings month of 2024, with $35.66 million lower than August’s haul.
Bitcoin Miners Earn $815.7M in September, Lowest Month-to-month Complete of 2024
September was a tricky month for bitcoin miners, who noticed their lowest income but in 2024. Numbers from theblock.co’s mining knowledge present that $801.84 million got here from Bitcoin’s 3.125 BTC block reward subsidy.
On the charge facet, miners gathered $13.86 million all through the month. Notably, September was the weakest month for charge earnings all 12 months. The mixed $815.7 million determine mirrored a 4.18% drop from August’s $851.36 million complete.
Bitcoin miner income (subsidy + charges) per thirty days since Could 2024, in response to metrics from theblock.co’s mining knowledge.
Bitcoin miners noticed a modest uptick in hashprice, although final month’s income wasn’t spectacular. Hashprice, which displays the day by day anticipated worth of 1 petahash per second (PH/s) of Bitcoin’s hashpower, started Sept. at $41.38 and climbed to $45.95 per PH/s by month’s finish.
With October right here, miners are doubtless crossing their fingers for a extra worthwhile month, regardless of BTC delivering a 7.29% return in Sept. Traditionally, October, also known as ‘Uptober,’ has been a good month for BTC, posting constructive returns 81.82% of the time since 2013.
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