Ethereum mining revenues fell by roughly 27% in May

Ethereum • June 3, 2022, 3:36PM EDT

Ethereum miners generated 27.2% less in revenues in May compared to the previous month, according to data compiled by The Block Research.

Last month, Ethereum miners generated a total of $969.4 million in revenue.

Most of these revenues came from the block subsidy ($888.95 million) and a relatively small amount from transaction fees ($80.46 million) and from uncle rewards ($41.2 million).

The share of Ethereum transaction fees over total revenue fell in May to about 5.6%.

Ethereum miners also made about 1.08 times more revenue than Bitcoin miners in May.

About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).