Bitcoin miners were able to gain an estimated $328 Mln in revenue earlier in the month of September, which is down 11% from August, consistent with Coin Metrics data analyzed.
The moderate decrease in revenue arrives as Bitcoin [BTC] stumbled via September, closing the month down 8% after gaining over 25% via in July and August.
Revenue estimates revealed that miners sold their BTC immediately.
Network fees brought in $26 Mln in September, or simply over 8% of total revenue, down 2% points from fees comprising 10% of revenue in August.
Moreover, fees as a percentage of total revenue continue a robust upward trend since April after the block subsidy halving in May.
Increases in fee revenue are important to sustain the network’s security as the block reward decreases every 4-Years.
Bitcoin’s average transaction fee bounced between $1 USD to $5 USD via September.