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Miner Profitability Update – Significant Spike in Fees for Ethereum Miners

Miner revenue in major proof-of-work networks.
Data from September 11th to 17th; Source: CoinMetrics

Miners of all major proof-of-work networks observed increases in their average daily revenue over the past week. The most notable development has been a substantial increase in the value of network fees which Ethereum miners are earning. The average daily fees increased by 48.1% since last week’s profitability update. Last weeks profitability update showed that fees on the Ethereum network had increased 23.3% from the week before. The fees which Ethereum miners are earning are on the verge of overtaking the fees which Bitcoin miners are earning in terms of USD value. 

Source: CoinMetrics State of the Network


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