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Just a day after yielding over half a million dollars in transaction fees in one hour, Ethereum miners’ average hourly revenue surged to $800,000 today, according to crypto analytics platform Glassnode.
Ethereum miners' average revenue surged to $800,000 per hour. Image: Glassnode
“Average Ethereum miner revenue from fees has surged to $800,000 per hour (!) in the past 24 hours,” Glassnode tweeted.
According to the platform’s data, the amount that Ethereum miners bring in from transaction fees on a daily basis skyrocketed on September 1, reaching $16.5 million. For comparison, this figure amounted to “only” $8.1 million on August 31.