HomeCoinsEthereum (ETH)Ethereum's $800 million January mining revenue surpasses 2018 highs

Ethereum’s $800 million January mining revenue surpasses 2018 highs

- Advertisement -


Ethereum miners have brought in $800 million in January revenue, which surpasses the previous record highs seen three years ago. 

The Block’s Dashboard data shows that more than $311 million of Ethereum’s January mining revenue came from transaction fees on the network, which accounted for nearly 40%. 

The increase of transaction fees and the price surge of Ether to all-time-highs above $1,400 last month have pushed Ethereum’s January mining revenue to surpass the previous record highs of $762 million seen in January 2018.

Ethereum miners’ daily revenue per each megahash second (MH/s) of computing power also hit a level that is not seen since early 2018, based on The Block’s Dashboard.

According to F2Pool’s index, the most advanced Ethereum mining equipment on the market, such as Nvidia’s RTX 3080 or ASIC miner A10 Pro made by Wuhan-based InnoSilicon, is able to generate $62 in 24-hour gross profits per unit.

But similar to bitcoin miners, GPUs and ASIC miners on the Ethash algorithm are experiencing a significant supply shortage, which is causing headache for game players who are in need of Nvidia and AMD GPUs.

Bitcoin’s monthly mining revenue in January also hit its highest record since December 2017, per The Block’s Dashboard.

Related Reading



Source link

- Advertisement -
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
1,578FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,237.00
ethereum
Ethereum (ETH) $ 3,065.06
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 337.98
litecoin
Litecoin (LTC) $ 132.13
eos
EOS (EOS) $ 2.56
okb
OKB (OKB) $ 21.93
tezos
Tezos (XTZ) $ 4.12
leo-token
LEO Token (LEO) $ 6.42
cardano
Cardano (ADA) $ 1.14
monero
Monero (XMR) $ 179.83
stellar
Stellar (XLM) $ 0.230141
chainlink
Chainlink (LINK) $ 17.34
huobi-token
Huobi Token (HT) $ 9.99
tron
TRON (TRX) $ 0.068134
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 111.18
neo
NEO (NEO) $ 23.56
iota
IOTA (MIOTA) $ 0.937235
nem
NEM (XEM) $ 0.11365
zcash
Zcash (ZEC) $ 124.64
maker
Maker (MKR) $ 2,089.88
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 35.35
vechain
VeChain (VET) $ 0.062783
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 44.32
kucoin-shares
KuCoin Token (KCS) $ 20.40
waves
Waves (WAVES) $ 10.82