According to the results for August, the total revenue of Bitcoin miners reached $684.3 million. The indicator increased by 12% compared to the previous month after the ForkLog report.

At the same time, the share of commissions in revenue decreased from 2.02% to 1.41%.

Miners of the second-largest cryptocurrency by capital earned $829 million in a month, 22% more than in July. The volume of commission income practically did not change, but their share in the total indicator decreased by 4%.

Foundry USA, part of Barry Silbert’s Digital Currency Group, continues to lead bitcoin pools in terms of its share in network hashrate – 20.9%. AntPool (19.3%) approached the indicator, F2Pool occupies the third line of the rating

The total computing power of the digital gold network reached 224.5 EH/s as of September 6. The indicator is gradually returning to levels close to its June 11 (231 EH/s) peak.

As a result of the growth of the Bitcoin hash rate, the difficulty of issuing the first cryptocurrency on August 31 instantly increased by 9.26%. The difficulty peaked at 31.25T on May 11.

Prior to the merger, Ethereum hash rate is around 890 TH/s after May peaks.

Presumably, some cryptocurrency miners are slowly switching to Ethereum Classic (ETC) mining without waiting for Ethereum to switch to the Proof-of-Stake algorithm. This is indirectly evidenced by the achievement of maximum hash rates by the Ethereum fork in early September.

JPMorgan analysts agreed that after The Merge, the main beneficiary of the miner flow will be Ethereum Classic.

Major pools like Ethermine and AntPool have suggested users switch to Ethereum fork mining.

Bob Summerville, head of the ETC Cooperative behind the development of the Ethereum Classic ecosystem, also urged Ethereum miners to connect to the network.

Recall that supporters of the Ethereum PoW fork were skeptical about the ability of the ETC blockchain to accept released computing power.

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