Ethereum miners' revenue touched almost a two-year high in July
August 12, 2020, 6:10AM EDT
1 min read
Ethereum miners generated $143.8 million in revenue in July, representing a 23-month high, according to The Block Research.
Transaction fees made a chunk, nearly 23%, of Ethereum miners' revenue during the month, as noted by The Block's Larry Cermak in his latest report. In May, transaction fees accounted for only 10% of Ethereum miners' revenue.
Source: Coin Metrics, The Block Research
Bitcoin miners, on the other hand, generated $299 million in total revenue in July — that is almost twice of Ethereum miners' revenue. Bitcoin transaction fees saw a slight increase to 8% in July as compared to over 4% in June.
Last month, bitcoin miners' revenue touched a 15-month low due to halving that took place in May. The bitcoin halving cut the per-block subsidy from 12.5 BTC to 6.25 BTC.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.
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