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Ethereum mining has become more profitable than Bitcoin

03.08.2021,17:26


August 3, Fineko/abc.az. In July, Ethereum mining brought profit of $1.03 bn, and for 3 months in a row it was more profitable than Bitcoin.

ABC.AZ reports that last month Bitcoin miners earned $971.8 million.

For the first time in history, altcoin mining turned out to be more profitable for a long time than the main cryptocurrency.

In June the capitalization of the largest altcoin was $1.1 bn (Bitcoin – $839 million), in May this figure was $2.35 bn ($900 million more than Bitcoin).

According to the data, in June the incomes of Bitcoin and Ethereum miners decreased by 42% and 53%, respectively. This was due to the ban on mining in China.