Ethereum mining revenue increased by 60% in August

Ethereum mining revenue increased by 60% in August

EIP-1559 does not prevent miners from increasing their income from Ethereum mining.

It was expected thatEIP-1559 would reduce miner income by about 30%, but thanks to the rise in the price of ETH, as well as the growing popularity of NFTs and DeFi, miner income increased by 60% compared to the previous month.



In August, ETH miners generated $1.65 billion in revenue, of which $556 million came from transaction fees. The rest of the profit came from block rewards. 

Ethereum mining has remained more profitable than mining the first cryptocurrency for the third month in a row. Bitcoin miners earned $1.23 billion in August.

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