One of the big winners in the cryptocurrency bull market that began in mid-2020 has to be miners, especially Ethereum miners.
In the past January 2021, the revenue of Ethereum miners reached US$800 million, surpassing the record high of US$762 million in January 2018. Recent data from Glassnode also shows that Ethereum miners earned $3.5 million in one hour, which is by far the highest hourly income.
This is due to two reasons: 1. The price of Ethereum has risen by 120% since January; 2. The Gas fee of Ethereum remains high.
Ethereum network fee income far exceeds Bitcoin
Of the $800 million earned by Ethereum miners in January, there were nearly $500 million in block rewards, and the remaining over $311 million came from network transaction fees, accounting for nearly 40%.
It is worth noting that the Ethereum network fee income far exceeds that of Bitcoin. According to TokenTerminal data, the Ethereum network fee reached 394 million US dollars, and the Bitcoin network fee was 128 million US dollars. The Ethereum network fee income is more than three times that of Bitcoin.
Among them, DeFi projects have contributed a lot. The fee income generated by the two DEXs of Uniswap and Sushiswap has exceeded the Bitcoin network.
Ethereum
haveEthereumThe mining machine pays back in less than 60 days
As a result of the sharp rise in the price of Ethereum and the gas fee of Ethereum, the profits of Ethereum miners have skyrocketed.
According to F2Pool data, among the top 15 mining machines in daily net income, 13 are Ethereum mining machines.
Among them, the Linzi Phoenix mining machine, which ranks first, has a daily net income of up to 259 US dollars.
According to Linzi official website, the price of Linzi Phoenix mining machine is 14,700-11,500 US dollars. Decreasing in chronological order, for example, the shipping price in February is $14,700. However, the mining machines were sold out in February.
Based on the highest selling price of $14,700, miners only need 56 days to pay back.
Laptop mining is born
Due to the high profits, Ethereum GPU mining machines are hard to find, and many miners have turned their attention to gaming laptops equipped with high-end graphics cards.
The founder of Yuchi, Shenyu, wrote on Weibo that the notebook family mine was born.
F2Pool also released a video of gaming laptops going to Starbucks to mine. The video shows that an Asus laptop equipped with an NVIDIA 3060 graphics card earns about 23 yuan a day, pays back in 260 days, and has an annualized rate of return of 140%.
