Ethereum Mining Revenue Hits All-Time High Alongside Gas Prices

[Btceth01]

It comes as no surprise that Ethereum miners are the only ones benefitting from the surge in transaction fees on the overladen network.

Research by crypto analytics provider Glassnode has reported that on Feb. 5, Ethereum miners earned $3.74 million in a single hour. This marks the highest ever hourly revenue for the network.

The report added that the total mining revenue for the same day was over $55 million, another all-time high for Ethereum. Miners are earning more than ever with gas-heavy smart contract operations taking up more of the network’s resources. Source