Bitcoin and Ethereum miners are pocketing over 99 percent of all fees generated by the broader crypto-mining ecosystem, on-chain analytics firm Messari said Friday.
However; high fees do not mean a positive for a blockchain network. BTC and ETH could be profitable for miners, but expensive for end-users who are likely to choose cheaper alternatives for transactions.
Altcoins not a money pool
Running into millions of dollars each month; collecting transactional fees power cryptocurrency miners around the world, be it firms like Bitmain or an enthusiast running a node on their GPU-optimized laptop.
But altcoins are not what are giving gains to miners. Messari analyst Ryan Watkins released research in the regard, concluding Bitcoin and Ethereum fees account for over 99 percent of all miner revenues.
Nah, even doge is more profitable and feeless im still in bch