Declining of BTC-mining profitability help to get maximum profit from ETH-mining

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Elena Klimovich

17:43 08/08/2022

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Declining of BTC-mining profitability help to get maximum profit from ETH-mining

Last month the profit of ETH-mining farms owners reached the maximum indicators in two years. It was possible because of the increasing fees and altcoin’s cost. In the spring the fees were about 10% of the reward per block but in June it grew twice.

The perspective of the transfer to the PoS algorithm encouraged traders and investors to the large investments in the ETH. In the future the price for the coin and transaction speed is expected.

The level of the profitability of the fees for BTC и ETH mining are almost the same and in June were about $27.6 millions. But we should admit that the income from Ethereum mining has been increasing for 3 month while in the case of Bitcoin the positive tendency appeared just in June. Before it fell down to the annual minimum.


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