Bitcoin mining revenues fall 11% in September.

Bitcoin miners earned $328m in September, down 11% from August, according to CoinDesk.

Bitcoin miners’ revenue by month. Source: CoinDesk.

Last month, miners’ revenues amounted to $368.3m. The metric assumes they immediately sell all mined Bitcoin.

The decline came as the price of the top cryptocurrency fell by 8% over the month.

On 20 September, as a result of another recalculation of mining difficulty rose by 11.35% to a record high of 19.31 T.

Earlier this month, Chinese media reported that miners faced a shortage of new equipment. BitRiver data-centre’s commercial director Dmitry Ushakov confirmed to ForkLog that manufacturers cannot meet demand for top models.

Transaction fees earned by miners in September amounted to $26m, or just over 8% of total revenue. In August, the share of network fees was 10%.

Share of fees in Bitcoin miners’ revenue. Source: CoinDesk.

Last month, Ethereum miners earned more from processing transactions than from mining blocks — $172m versus $150m.

Follow ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news and polls.