Ethereum miners outpaces Bitcoin miners in revenue for seventh straight month in November

Ethereum mining revenue outperformed that of Bitcoin for the seventh consecutive month in November, according to The Block Research.

Last month, Bitcoin miners earned $1.69 billion, a 2% decrease month-over-month. Ethereum miners conversely saw revenue of $1.99 billion — an increase of 11.8% compared to October — and overall earned 1.18 times the revenue of Bitcoin miners in November, in dollar terms.

To see how NFTs, spot volumes, stablecoins and other crypto stats fairs in last month, check out The Block Research's "November by the numbers" breakdown. 

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MK Manoylov is a reporter for The Block covering NFTs, blockchain-based gaming and cybercrime. MK holds a graduate degree from New York University's Science, Health, and Environmental Reporting Program (SHERP).

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