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22.11 - 19:59
Ether miners enjoyed more profits this year than Bitcoin miners; Here’s why
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At first glance, one might think Bitcoin miners had an enriching year overall. However, a new weekly update report by Arcane Research claims that another set of miners enjoyed a more profitable year.
In spite of complaints about high gas fees, Ether miners in 2021 earned over $3 billion more than their Bitcoin counterparts. The report by Arcane Research revealed,
“Ether miners have earned $17 billion in 2021, while the Bitcoin miners have earned $13.6 billion.”
The question we might ask – what does this look like on a daily basis? Well, while Bitcoin miners enjoyed an average daily revenue of $45 million, Ether miners scooped up $56 million. The report also noted that Ether mining volatility was more than that of Bitcoin. What’s more, Arcane
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