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Ethereum mining revenue outperformed Bitcoin

Şükriye Akdeniz

Aug 31, 2021

Ethereum mining revenue surpasses Bitcoin for the fourth consecutive month

Ethereum mining revenue increased significantly in August. The reason is the intense interest in the NFT industry. While Ethereum mining revenue for July was around $1.08 billion, that number reached $1.65 billion in August.
With the rise in prices, Bitcoin mining revenue also increased. Returns from BTC mining increased from just over $971 million in July to $1.23 billion in August.
The increase in Ethereum's mining income allowed it to overtake Bitcoin in the mining race. Ethereum mining revenue increased about 35% more than Bitcoin in August.
Ethereum mining revenue, which first surpassed Bitcoin in May, has managed to maintain its current position since then. At the end of August, Ethereum mining surpassed Bitcoin for the fourth month in a row. This is the longest in crypto history.

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The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided by authorized institutions with the individual's risk and profit preferences taking into account. The comments and recommendations on the other hand here are general. These recommendations may not be suitable for your financial situation and risk and profit preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.

PiSoCrypto Team

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