Over the last seven days, the average daily revenue of Ethereum miners stood at $103 million, compared with $67 million on the Bitcoin network.
Historically, Bitcoin miners earned more than their counterparts in the Ethereum network. In 2021, such dominance was briefly broken in early February and again in late April.
new all-time highs for the second-largest cryptocurrency by market capitalization and high transaction fees. On Tuesday, May 11, the average size of the latest reached an anti-record.
Berlin hard fork, which optimized various aspects of Ethereum’s operation, including the gas-cost calculation algorithm, hardly changed the situation.
In late April, Bitcoin entered its deepest correction since ‘Black Thursday’. The current dynamics of network data, for many, serve as the basis for expectations that the price of digital gold will fall below $50,000.
In April, Ethereum miners earned record $1.65 billion. In the Bitcoin network, this figure was $1.7 billion.
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