The price for Ether may be down from the ATH it recently reached, but this month could still be a record-breaking one – at least, for miners.
According to data from The Block Research, ETH miners have gained around $1.93 billion in revenue. From that number, $922.46 million came from transaction fees, while the remaining $1.01 billion represent subsidy payments to miners.
Since there is still a week remaining in this month, naturally, the overall revenue will probably go much higher. A miner registers a profit when the revenue from the mining activity surpasses the cost of electricity required for the mining process.
The price of Ether has taken a big dip since the ATH of $4,300 registered on May 12th. The current price is set around the $1,800 mark, which shows a 24-hour decline of over 20%.
Source: TheBlockCrypto.com