Ethereum Miner Revenue Soars to a Single Day All-Time High of 95K ETH

2022-5-4 12:15

Ethereum miner revenue has soared to a single-day all-time high of 95,000 ETH helped by a recent surge in decentralized finance (DeFi) activity.

The income of miners has spiked noticeably in the past few days. Data shows that the manual income of miners reached 95,182 ETH this month. Handling fees accounted for 85.9% of the income

ETH miner revenue: glassnode

This figure is an all-time high for Ethereum. The recent sale of Otherdeeds for Yuga Labs’ Otherside metaverse also resulted in a strong windfall for Ethereum miners. And the heavy activity on the network has generated some astonishing gas fees.

There have been several such golden days for Ethereum miners in 2022. One miner earned a whopping 170 ETH, worth about $540,000 at the time, for a single block. 

ETH mining revenue has been consistently exceeding that of bitcoin for some time now. Undoubtedly, the rise in activity of DeFi, non-fungible tokens (NFTs), and play-to-earn games has contributed to this and there are no signs of it abating.

While all of this success results in miners generating more revenue, regular users have been suffering from high gas fees and slower confirmation times. However, there is hope on the horizon.

Ethereum upgrade will bring great changes

The upcoming Ethereum 2.0 upgrade will tackle many of the issues that the network now faces. Gas fees are expected to be reduced significantly, and scaling solutions like Polygon Network and Optimistic Ethereum will ease pressure on the network.

With an upgrade to a more scalable network, the various dApps on Ethereum will be much more viable. DeFi, which is always a hotbed of activity, will benefit greatly from this, and users will be able to access services without having to pay hundreds of dollars in gas fees.

ETH 2.0 will launch in around a year, but some of its upgrades have already been rolled out. One of the more significant upcoming milestones is the merge integration set to take place on the mainnet later this year.

The post Ethereum Miner Revenue Soars to a Single Day All-Time High of 95K ETH appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Voltage (HVCO) на Currencies.ru

$ 0.0012187 (+0.56%)
Объем 24H $0
Изменеия 24h: 0.13 %, 7d: -0.82 %
Cегодня L: $0.0012066 - H: $0.0012233
Капитализация $0 Rank 8594
Цена в час новости $ 0.0147322 (-91.73%)

eth all-time ethereum miner revenue high 95k

Источник: beincrypto.com

eth all-time → Результатов: 126


Фото:

Ethereum (ETH) reaches new all-time high levels: Should you buy ETH now?

The price of Ethereum (ETH) managed to pass the $1,570 mark, reaching its new all-time high late Tuesday. What’s next for Ethereum and should you buy ETH now? Fundamental analysis: an enormous amount of call options and massive DeFi growth push ETH up The second-largest cryptocurrency by market capitalization reached new all-time highs in the past 24 […] The post Ethereum (ETH) reaches new all-time high levels: Should you buy ETH now? appeared first on Invezz.

2021-2-3 18:09


Fractal Suggests Ethereum has Room to Fall Before Bulls Can Spark Next Uptrend

Ethereum has seen some notable momentum in recent days that has allowed its price to set fresh all-time highs Each break above its previous all-time highs around $1,450 has been fleeting, however, which is a grave sign that could mean downside is imminent For now, ETH’s price action remains firmly correlated to that of Bitcoin, with the benchmark cryptocurrency seeing some turbulence that has shaken its market structure One analyst is now pointing to a […]

2021-1-27 23:00


Фото:

Ethereum (ETH) reaches new all-time highs: What’s next?

Ethereum (ETH) has posted a new all-time high of $1,477.30 as the price got pushed up by an influx of ETH buyers. So, what’s next for Ethereum and where will it go next? Fundamental analysis: Ethereum benefited greatly from the DeFi sector surge The second-largest cryptocurrency by market capitalization spent the weekend slowly moving towards […] The post Ethereum (ETH) reaches new all-time highs: What’s next? appeared first on Invezz.

2021-1-26 22:42


Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth's correction phase

After reaching all-time highs, both Bitcoin and Ether have faced a wave of correction; while the former seems to be stagnated, the latter slid further. Experts believe the current dip in prices is a tThe post Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth's correction phase appeared first on AMBCrypto.

2021-1-23 00:30


Фото:

Ethereum 2.0 Staking Contract Garners Over Two Percent of Total Circulating Supply

Even before climbing to a new all-time high price for the first time in three years, Ethereum had been one of the most-talked-about cryptocurrencies and blockchains in the industry. The ETH 2. 0 staking contract — the deposit address containing the ETH dedicated to validating its new Proof-of-Stake network — has surpassed another milestone.

2021-1-20 17:24


Фото:

Bitcoin is on the Brink of Seeing a Rally to All-Time Highs as It Taps Critical Level

Bitcoin has seen some relatively lackluster price action throughout the past few days and weeks, with the crypto’s price being unable to surge as it inches towards its $40k resistance This has come as its smaller counterparts all see massive momentum, with ETH seeing a monumental rally while many smaller altcoins also surge BTC’s lack of intense upside has come about due to the intense selling pressure it has been facing within the upper-$30,000 region, […]

2021-1-20 21:00


ETH Ready for Bitcoin-like Price Discovery with New ATH; Blockchain Activity Goes Parabolic

ETH is the one in the limelight this week as the digital currency went even closer to its all-time high. Going as high as $1,389, as of writing, Ether is now just a few dollars away from its 2017 peak of $1,420 and going on a price discovery journey like Bitcoin that saw the leading cryptocurrency […] The post ETH Ready for Bitcoin-like Price Discovery with New ATH; Blockchain Activity Goes Parabolic first appeared on BitcoinExchangeGuide.

2021-1-19 16:34


Фото:

Ethereum is Looking “Ridiculously Bullish” as Analysts Eye a Move to All-Time Highs

Bitcoin has been facing some immense turbulence as of late, but it has yet to have any grave impact on altcoins Most major altcoins have been decoupling from the benchmark cryptocurrency, with ETH gaining against its BTC pair while Chainlink sees fresh all-time highs This momentum is being slowed slightly by Bitcoin’s present weakness, but it remains unclear as to whether this will reverse the altcoin breakouts For ETH, in particular, one analyst is calling […]

2021-1-16 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru