Quarter of Miner's Earnings Comes From Transaction Fees

By Emir Can | Gergous Article | 17 May 2020


Lost


According to the information revealed, miners gained 2188 BTC on May 10, while miners' revenues fell to 852 BTC on May 12. Therefore, there was a loss of approximately 61%.

 

However, the block reward halfway caused some miners to stop their activities and the hashrate to drop. This caused the block spacing to increase. In other words, fewer blocks were processed in a sure time and the current block rewards for miners

 

 

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*According to the statements made, what has happened so far can be called the “mini death spiral scenario”. The only good thing for miners right now is that the operation prices have increased due to network congestion. Operation prices, which were $ 0.62 at the end of April, increased to $ 5.21 on May 15. This is currently driven by the operating prices of 17% of the miners' earnings.

 

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*On the other hand, earnings of USD-type miners fell from $ 19.25 million on May 9 to $ 7.82 million on May 12. This indicates a decrease of 62%. The next challenge adjustment will be realized in three days. However, there will be an increase in live computing difficulties. Because the hashrate has evolved considerably before splitting.

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