RATE Group | Research Shows Ethereum Blockchain Miners Get Paid Almost $2.5 Billion per Year
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Research Shows Ethereum Blockchain Miners Get Paid Almost $2.5 Billion per Year

20 Aug Research Shows Ethereum Blockchain Miners Get Paid Almost $2.5 Billion per Year

Posted at 18:17h in Ethereum News by

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Research Reveals That Ethereum Miners Make $2.5 Billion On An Annual basis

While the prices of Ethereum have been faltering and its network faced with endless scalability challenges, investors who mine the second largest digital currency somehow managed to rake in an annual payout worth a whopping $2.5 billion. As per a report published by TrustNodes, 8% of Ethereum’s current market capitalization ($30 billion) is generated from mining revenue. The data, which was collected over a period of 24 hours earlier in August, revealed that ETH miners revive daily incentive worth $6.6 million. If this figure is spread over 12 months, it amounts to $2.4 billion, and can further increase depending on the value of Ethereum.

Additionally, the study also discovered that the inflation rate of Ethereum doubles the rate for Bitcoin, standing at 7.3%. Over the same period, Bitcoin miners received $13 million. In comparison, Bitcoin’s yearly mining payout of $4.5 billion equals a paltry 4% of…

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