September 19, 2021

Ethereum mining revenue grows 60% in August

Ethereum mining revenue grows 60% in August

EIP-1559 does not prevent miners from increasing their income from Ethereum mining.

EIP-1559 was supposed to reduce miners' revenues by about 30%, however, thanks to the rise in the price of ETH, as well as the growing popularity of NFT and DeFi, miners' income increased by 60% compared to the previous month.

Ethereum mining revenue grows 60% in August

In August, ETH miners generated $ 1.65 billion in revenue, of which $ 556 million came from transaction fees. The rest of the profit went to he rewards for the blocks.

For the third month in a row, Ethereum mining remains more profitable than mining the first cryptocurrency. Bitcoin miners earned $ 1.23 billion in August.

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