Connect with us

Hi, what are you looking for?

Technology

Ethereum mining revenues totaled $969.4 million in May

Ethereum miners generated 27.2% less in revenues in May compared to the previous month

Last month, Ethereum miners generated a total of $969.4 million in revenue.

Most of these revenues came from the block subsidy ($888.95 million) and a relatively small amount from transaction fees ($80.46 million) and from uncle rewards ($41.2 million).

The share of Ethereum transaction fees over total revenue fell in May to about 5.6%.

Ethereum miners also made about 1.08 times more revenue than Bitcoin miners in May.

Featured

etf

The launch of new spot Bitcoin (CRYPTO: BTC) ETFs in January was a watershed event for the crypto industry. Arguably, it was Wall Street’s biggest new product...

Bitcoin

US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...