Ethereum mining revenues fell by roughly 45% in June
Quick Take
- Revenues for Ethereum mining were $528 million in June, which represents a decline of 45.5% from the previous month.
- Bitcoin miners generated about 1.26 times more revenue than Ethereum miners in June.
Ethereum miners generated 45.5% less in revenues in June compared to the previous month, according to data compiled by The Block Research.
Last month, Ethereum miners made a total of $528 million in revenue.
Most of these revenues came from the block subsidy ($498.84 million) and a relatively small amount from transaction fees ($29.64 million) and from uncle rewards ($21.09 million).
Bitcoin miners generated about 1.26 times more revenue than Ethereum miners in June, reversing what had been the trend since April 2021. In May, Ethereum miners made 1.08 times more in revenue than Bitcoin miners.
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