May turned out to be a very unlucky month for BTC and ETH miners. The income of bitcoin miners decreased by 20%, and the miners of the second cryptocurrency – by 27.2%.
How note The Block analysts, despite a significant decrease in the income of ether miners, they still earn more than bitcoin miners – the income from ETH mining amounted to $1.01 billion, while bitcoin miners received only $906.2 million.
The share of profit received by ETH miners from transaction fees has also decreased. In the revenue structure, $888.95 million came from block mining rewards, $80.46 million from transaction fees, and $41.2 million from uncle rewards. We are talking about rewards for mining a block, which was then discarded and not included in the main Ethereum blockchain.
When mining bitcoin, everything remains the same – transaction fees make up an extremely small share of the total income. Miners received $890.01 million for block mining and just $16.18 million for transaction fees. Thus, the share of income from commissions was 1.87%.
Recall that in April, Bitcoin miners earned $1.16 billion, and ETH miners earned $1.33 billion.
Source: Bits
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
