Ethereum mining revenue outperformed that of Bitcoin for the seventh consecutive month in November, according to The Block Research.
Last month, Bitcoin miners earned $1.69 billion, a 2% decrease month-over-month. Ethereum miners conversely saw revenue of $1.99 billion — an increase of 11.8% compared to October — and overall earned 1.18 times the revenue of Bitcoin miners in November, in dollar terms.
To see how NFTs, spot volumes, stablecoins and other crypto stats fairs in last month, check out The Block Research’s “November by the numbers” breakdown.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
