Ethereum miners outpaced Bitcoin miners for a tenth consecutive month.
Prices are down 30% since Jan. 1, but that’s not stopping Ethereum miners from raking in the money.
-Ethereum miners outpaced Bitcoin miners in total revenue for a tenth consecutive month, at $1.2 billion and $1 billion, respectively.
-Ethereum miners have earned over $1 billion in monthly revenue for 12 months straight.Mining difficulty continues to eat away at profits, however. The network’s hashrate stands to break past 1,000 TH/s in the near future for the first time, according to Coin Metrics.
-Hashrate is up only 7% year-to-date, but 135% year-over-year.
-Revenue per hash in dollar terms is down some 46% in three months.Indeed, unless price recovers above $4,000, it is likely Ethereum mining will slip under $1 billion in monthly revenue in the near term.
