Bitcoin miners had a month where their pockets jingled just as much as July’s. Literally. Revenue hit $1.63B-$1.66B, and they’re probably high-fiving their mining rigs right now. 🤖💸
Bitcoin Fees Slightly Less Annoying While Miners Pocket Millions
According to mempool.space and Johoe’s tracker, the blockchain is busier than a Starbucks on a Monday morning. There are 85k-93k unconfirmed transactions sitting in limbo, and fees are creeping up. On Sept. 1, sending BTC cost $1.75-perfect for that “I’ll just send $10” moment that turns into a $20 transaction. 😬
Back in the day, fees were basically a rounding error. But now? They’re 1.89% of the block reward. Since June, the mempool’s been clogged like a teenager’s Instagram feed. Earlier this year, blocks were so empty you could hear crickets. Now? It’s more like a concert at Wembley. 🎵
Fees have stayed mostly chill, averaging $1.30-$1.40 per transaction. Occasionally they spike to $2-$3, which is just enough to make you question your life choices. By late August, they dipped to $0.80-$1.00, then bounced back in September like a crypto rollercoaster. 🎢
Miners in August? They’re basically the Elon Musk of the blockchain-unstoppable. Data from theblock.co says they made $1.65B from subsidies and $1.66B with fees. newhedge.io claims $1.633B total, which is just enough to buy a lot of pizza. 🍕
All in all, miners are entering September with their wallets full and their grins wider than a Bitcoin halving. If the mempool keeps partying like it’s 2021, fees might finally start paying rent. If not, energy costs will decide if they can afford to keep mining. Either way, it’s a blocky good time. 🎉
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2025-09-02 22:38