Ethereum miners’ earnings fall 27% in May
Ethereum miners’ earnings fell 27% in May compared to the previous month.
According to data compiled by The Block Research, Ethereum miners’ earnings have dropped significantly over the past month. With $969.4 million in revenue, miners generated 27.2% less revenue in May than in April.
The bulk of this revenue, $888.95 million, came from block subsidies, while a relatively small amount, e.g. B. $80.46 million, came from transaction fees. The share of transaction fees in total sales also fell to 5.6%.
On the other hand, data shows that Ethereum miners generated 1.08 times more revenue than Bitcoin miners in May.