Bitcoin Miners Witness 11% Revenue Drop in September

Bitcoin Miners

As price rallies back to $10,515 $281 million KuCoin Theft Suspects Identified ________________________________________ Bitcoin miners generated an estimated $328 million in revenue in September, down 11% from August, according to Coin Metrics data analyzed by CoinDesk. The moderate decrease in revenue came as bitcoin (BTC) stumbled through September, closing the month down 8% after gaining over 25% through July and August. Revenue estimates assume miners sell their BTC immediately. Network fees brought in $26 million in September, or just over 8% of total revenue, down 2 percentage points from fees…

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