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Ethereum miners generated $214M in revenue in October

Ethereum miners generated $214M in revenue in October

Ethereum miners accrued $214 million in revenue in October, down from $321 million in September, according to data compiled by The Block. 

Last month, miners on Ethereum saw a 66.8% drop in transaction fee revenue compared to September, from $171 million to $57 million.

Compared to September, transaction fees on Ethereum, as a share of total miner revenue, dropped from 53.4% to 26.5% in October.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: MK Manoylov