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Ethereum Mining Rewards Hit All-Time High

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Written by   123
1 week ago

Ethereum miners may be earning more now than they ever did, even during ETH's ATH at $1,400 a piece.

While the block subsidy - new ETH minted as miner rewards, remains pretty much the same since February 2019. Gas fees on Ethereum is now higher than it's ever been.

More complex transactions needed for DeFi also mean users need to pay more gas on top of the high gas fees due to the network congestion.

Unlike the mining ecosystem of Bitcoin, hash rates of Ethereum aren't at ATH, and data suggest that it doesn't seem to be increasing.

Translation = It may be easier and more profitable to mine ETH now that during the ICO hype, provided you have the right rig.

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Write about bitcoin.

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1 week ago

So those that mined during ICO and now which is better off

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1 week ago