Bitcoin mining revenue fell 16.2% to about $550.5 million in September, the fifth decline in the past six months and the lowest since November 2020, according to The Block Research. After the Ethereum network moved to proof-of-stake, Bitcoin generated roughly 1.56 times the revenue of Ethereum miners and stakers combined. Most Bitcoin mining revenue comes from rewards ($541.8 million), with only a small portion coming from transaction fees ($8.66 million). Bitcoin transaction fees rose slightly as a share of total revenue to around 1.6%. The network hash rate increased by roughly 10.4% in August and 0.6% in September.