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❕NEWS Ethereum miners' income

aryan4

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While Bitcoin miners continue to increase their earnings almost every month at a record level, ETH miners are also starting to make quite high gains. According to the latest data released: Ethereum miners' income increased by 123.3% in January, reaching an all-time high of $ 829.6 million.
What do you think of these high mining earnings?
 

aryan4

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I guess it's not such a surprising news. However, they still made very high gains. I think the biggest factor in these gains is the increase in ETH price. It seems like they will probably earn more in the current situation.
 

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As the coin increases in price and with a very busy network that makes the transaction fees for ETH so crazy, I am not surprised that the Miners are making their cool money now.
 

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With Ethereum having high transaction fees like Bitcoin and it's network busy all the time due to high number of transactions, the miners reward is only sure to even increase.
 

aryan4

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With Ethereum having high transaction fees like Bitcoin and it's network busy all the time due to high number of transactions, the miners reward is only sure to even increase.
I think there has been an update for a reduction in transaction fees and I know that transaction fees have dropped. Of course, it is true that this is one of the sources of income.
 

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I think there has been an update for a reduction in transaction fees and I know that transaction fees have dropped. Of course, it is true that this is one of the sources of income.
That's good for those who want to use it for day to day transactions. I know that a lot of people shy away from using Bitcoin for small transactions now due to such high fees.
 

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With Ethereum having high transaction fees like Bitcoin and it's network busy all the time due to high number of transactions, the miners reward is only sure to even increase.
Well stated that's just the explanation to it. High transactions level will bring high reward to the miners, of course that was the expectation by miners which are fulfilled
 

aryan4

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That's good for those who want to use it for day to day transactions. I know that a lot of people shy away from using Bitcoin for small transactions now due to such high fees.
The transaction fees for some coins, especially ETH, seem really high. Maybe the decline in these transaction fees could negatively affect the income of miners, but I think it could increase investor interest a little more.
 
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