Ethereum miners earned more than $ 16.6 million per day

CONTENT

  • In just a day, ETH miners have earned an absolute historical record

  • High profitability is formed against the background of the release of the native token of the Uniswap platform

  • Coinbase has already refused to pay its clients’ commissions

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In just one day, ETH cryptocurrency miners were able to earn over $ 16.6 million amid high fees

The daily earnings of miners working on the Ethereum (ETH) network hit an all-time high on September 17, 2020, driven by skyrocketing transaction fees. According to the Etherscan resource, over the past day, miners were able to earn over 42,600 ETH, which with an ETH rate of $ 390 is more than $ 16.6 million.

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Source: etherscan.io

The rapid growth of income is taking place against the background of the release of a native token of the Uniswap decentralized cryptocurrency exchange protocol (UNI). In just one day, the price of the UNI token soared from $ 2.77 to $ 5.46 (+ 97%). At the time of this writing, the UNI / USDT price is 5.55, according to CoinMarketCap.

How much can you earn mining ethereum with an RTX 3090?

Source: coinmarketcap.com

 

 

Shaping demand

At the same time, fees on the Ethereum network are still inflated. In part, this high level remains due to the recent decision of the largest stablecoin issuer Tether to pump the Ethereum ecosystem with an additional billion stablecoins due to high demand..

Ethereum miners earned more than $ 16.6 million per day

Source: bitinfocharts.com

Meanwhile, USDT’s market capitalization has broken its all-time high, breaking the $ 15 billion mark..

Miners’ record profits already have their downside. American cryptocurrency exchange Coinbase Pro has announced that it will no longer pay commissions to its clients on transactions on the Ethereum network. Intra-exchange transfers remain free, Coinbase highlights.

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The success of the ETH cryptocurrency itself is still vague. Although the cryptocurrency has remained in the long-term bullish trend range, the ETH / USDT pair may still experience a short-term drawdown. The price of ETH / USDT at the time of writing is $ 383.

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Ethereum miners earned more than $ 16.6 million per day
Ethereum miners earned more than $ 16.6 million per day
Ethereum miners earned more than $ 16.6 million per day

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