Ethereum top 5 mining pools now account for 65.4% of ETH blocks, Despite Ethereum’s 6-year journey being marked by ups and downs, this quarter has emerged to be the most rewarding to date because the second-largest cryptocurrency based on market cap not too long ago hit an all-time high (ATH) value of $4,650.
This has been a remarkable milestone, provided that Ethereum’s all-time low was recorded in 2015 at $0.4.
Then again, ETH miners have been making notable strides. As an example, the highest 5 Ethereum mining pools account for 65.4% of all of the ETH mined. Market insight provider CryptoCompare explained:
“Ethermine remained the largest ETH mining pool with 25.0% share, up 21.5% from September – followed by unknown miners (21.8%) and F2Pool (20.5%). The top 5 recognized pools now account for 65.4% of ETH blocks.”
Ethereum miners have earned the most in 2021
Ethereum miners have cashed in probably the most in the crypto space to date this year, even surpassing Bitcoin miners. Crypto insight supplier Arcane Analysis noted:
“Bitcoin miners may get the most consideration in the mining sector, but Ethereum miners have earned the most in 2021. – BTC miner income in 2021: $13.6b. – ETH miner income in 2021: $17b.”
Arcane Analysis said that the most important cause Ethereum miners have earned more than Bitcoin miners in 2021 is predicated on the huge activity on the ETH network, which is pushing up transaction fee.
As an example, the typical income charges stood at 37% for Ether miners, whereas their Bitcoin counterparts recorded 7%.
The crypto insight provider added:
“The ether miner revenues are far more depending on transaction fees than Bitcoin miners, in flip main the daily ether miner income to be far more volatile than for Bitcoin miners. ETH miners’ each day income volatility is 47%, whereas being “only” 28% for BTC miners.”
In the meantime, Ethereum has recorded seven consecutive optimistic quarters, and if the current one closes in green, it will likely be the eighth.
Source: Blockchain News
