general

Do you know how much Ethereum miners made in March 2022?

Do you know how much Ethereum miners made in March 2022?

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Do you know how much Ethereum miners made in March 2022?

New data shows that Ethereum miners generated total revenue of $1.29 billion in March.

This number is still far from the highest level ever recorded in November last year.

According to data from The Block, the total monthly revenue generated by Ethereum miners increased by 7.2% from February to March 2022.

More importantly, this means that they were able to break the downtrend that started in November 2021.

Miners operating on the second largest blockchain network generated over $2 billion in revenue, but the numbers started dropping in the next few months.

A weekly email summarizing the most important crypto events

Bitcoin Arab Weekly Bulletin

[mc4wp_form id=”59534″]

Read:HSBC CEO Declares: Bitcoin Is Not Right For Us

The $1.29 billion recently generated came from block mining rewards, while less than $100 million was from transaction fees, a direct result of the EIP-1559 upgrade, which came into effect with the London Upgrade last year.

The EIP-1559 upgrade split transaction fees, burning core fees and allowing miners to only receive tips.

Since the London split, the Ethereum network has started burning parts of its original cryptocurrency.

Recently, we reported in Arab Bitcoin that this number has risen to more than two billion Ethereum.

According to a platform that tracks burns on the Ethereum blockchain burn The total amount burned at press time is 2,063,565 Ethereum, worth over $7 billion at today’s prices.

Read:Turkish cryptocurrency BiLira chooses AVA . platform

Read also:

Cardano adds 5% to its value and returns to seventh place, and Bitcoin is still stable above $46,000

April Fool’s Day causes a trader to lose all his cryptocurrency!


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
Axie Infinity’s Ronin Network Hacked Addresses Begin Transferring Stolen Ethereum…Details Here
Next post
Goldman Sachs: Wealthy Clients See Bitcoin as an Inflation Hedge