<p>Bitcoin miners made $368.3 million in revenue last month, signifying a 23.19% month-over-month increase.</p> <p>Per the chart below, this was the highest revenue figure — when accounting for block rewards and transaction fees — in the past three months.</p> <p>&nbsp;</p> <div id="attachment_77049"class="wp-caption alignnone" style="max-width: 1620px;"><img class="has-caption wp-image-77049 size-full" src="https://www.tbstat.com/wp/uploads/2020/09/Bitcoin-miner-revenue.png" alt="" width="1610" height="932" /><p class="wp-caption-text"><em>Source: Coin Metrics, The Block Research</em></p></div> <p><span style="font-weight: 400;">Bitcoin’s transaction fees grew from roughly 8.5% in July to 10.7% in August, according to a recent </span><a href="https://www.theblockresearch.com/crypto-august-by-the-numbers-77040"><span style="font-weight: 400;">report</span></a><span style="font-weight: 400;"> by The Block’s Steven Zhang and Lars Hoffmann. </span></p> <p><span style="font-weight: 400;">On the contrary, Ethereum miners generated $285.1 million in revenue last month, marking a 98.2% month-over-month increase — the highest in 25 months. </span></p> <p><span style="font-weight: 400;">Notably, transaction fees on Ethereum increased drastically and made up 40.5% of Ethereum miners’ total revenue, compared to 10% in May. <br /> <br /> </span><span style="font-weight: 400;">In</span><a href="https://www.theblockresearch.com/june-by-the-numbers-a-look-at-crypto-exchange-volumes-open-interest-and-miner-revenue-70577"><span style="font-weight: 400;"> June</span></a><span style="font-weight: 400;">, bitcoin miners generated $281.6 million in revenue. The block reward halving in May cut the per block subsidy from 12.5 BTC to 6.25 BTC, resulting in a 15-month low for revenue. </span></p>