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Ethereum Miners Made All-Time-High Profits In May

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Despite the fall of the cryptocurrency market, Ethereum miners made All-Time-High profits in May 2021. As of May 24, the gain of the ETH miners was $1.93 billion.

The income of miners from commissions amounted to $922.46 million, and the profit from the blocks extraction was $1.01 billion. Almost half of the profits were generated by the miners from transaction fees. The month of May has already become a record in terms of the amount of miners income, and by the end of the month, this figure will exceed $2 billion.

In early May, the Ethereum price rose above $4,000. Therefore, it is not surprising that the miners received a record income because the cost of electricity remains the same, but ETH was sold for a higher prices.

Since January, the Ethereum miners have been receiving more and more returns. In January miners made $829 million, then in February, Eth mining profit grew to $1.37 billion. Last month, Ethereum miners made $1.7 billion. This month which is still going on, ETH miners have already achieved All-Time-High Profits and can easily cross 2 billion profit mark.

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Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.


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