Bitcoin Again Surpasses Ethereum In Terms Of Mining Profitability: But There’s A Bigger Concern
— Million, Miners, Experienced, Similar pattern, Miner, Recovery continued, Wrath, Peak, Recorded, Total — 1 min read
Bitcoin miners have outperformed their ETH miners by over $100 million in June. Revenues for Bitcoin miners today are at their two-year lowest. December 2020 was the last time when the figures were this low, which was just before the historic bull runs of 2021. Bitcoin miners now get around $120,000 on mining a single Bitcoin block, showing over a 60% decline in profitability. ETH Mining has also faced the wrath of the hard cold weather in the crypto industry, too, since the profitability of ETH mining has also been hit by the cold weather. This shows that the crypto assets might compete with each other in terms of revenue, but their individual growth continues to follow a similar pattern, according to the latest data, too. Source