HomeCoinsEthereum (ETH)First time in Ethereum’s history, miners made more from fees than from...

First time in Ethereum’s history, miners made more from fees than from block rewards

- Advertisement -


Ethereum miners made more money from gas or transaction fees than from block rewards in September.

The event has occurred for the first time in Ethereum’s history, according to The Block Research. Miners made about $172 million from fees last month and about $150 million from block rewards, taking their total revenue to more than $320 million.
First time in Ethereums history miners made more from fees

Overall, Ethereum miners made 53.4% more in September than August when their total revenue was about $285 million.  This is because gas fees peaked last month, driven by the continued growth in the decentralized finance (DeFi) space.

Ethereum transaction fees have subsided since then and the current average fee is about $3 per transaction, according to tracker BitInfoCharts.

First time in Ethereums history miners made more from fees

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,495FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,387.00
ethereum
Ethereum (ETH) $ 3,035.19
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 515.28
litecoin
Litecoin (LTC) $ 152.25
eos
EOS (EOS) $ 4.01
okb
OKB (OKB) $ 13.12
tezos
Tezos (XTZ) $ 7.03
leo-token
LEO Token (LEO) $ 2.83
cardano
Cardano (ADA) $ 2.28
monero
Monero (XMR) $ 234.87
stellar
Stellar (XLM) $ 0.279653
chainlink
Chainlink (LINK) $ 24.82
huobi-token
Huobi Token (HT) $ 7.66
tron
TRON (TRX) $ 0.089088
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 163.99
neo
NEO (NEO) $ 38.75
iota
IOTA (MIOTA) $ 1.21
nem
NEM (XEM) $ 0.148174
zcash
Zcash (ZEC) $ 111.85
maker
Maker (MKR) $ 2,368.30
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 47.43
vechain
VeChain (VET) $ 0.092083
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 56.57
kucoin-shares
KuCoin Token (KCS) $ 10.56
waves
Waves (WAVES) $ 24.16