Ethereum Miners Surpass Bitcoin Miner Revenue By $224M

Ethereum Miners Surpass Bitcoin Miner Revenue By $224M


After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue and recorded a gap of $224 million in April 2022.

This month was not so good for Bitcoin miners as they were able to generate around $1.16 billion only. Notably, this figure is down by $44 million from the previous month’s mining revenue of Bitcoin. The last month saw $1.7 billion in recorded income.

Related Reading | TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K

Bitcoin miners’ total profitability was down by 31% from April 2021 to the present. In that time, $1.7 billion in revenue was recorded.

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Similarly, the single-day high of

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