Ethereum mining revenues fell by roughly 27% in May
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.
© 2022 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: Catarina Moura
