Bitcoin and Ethereum miners' earnings dropped significantly in May – Bits Media

May turned out to be a very bad month for BTC and ETH miners. Bitcoin miners' income decreased by 20%, and miners of the second cryptocurrency – at 27.2%.

As analysts from The Block note:, despite a significant decrease in the income of ether miners, they are still earn more than Bitcoin miners - income from ETH mining amounted to $1.01 billion, but Bitcoin miners received only $906.2 million.

The share of profits also decreased, received by ETH miners from transaction fees. In the income structure $888.95 million were received from rewards for mining the block, $80.46 million amounted to transaction fees, but $41.2 million – rewards for unlocks. We are talking about rewards for mining a block, which was later discarded and not included in the main Ethereum blockchain.

When mining Bitcoin, everything remains the same - transaction fees make up an extremely small share of total income. Miners received $890.01 million for mining blocks and everything $16.18 million for transaction fees. In this way, the share of income from commissions amounted to 1.87%.

Recall, that Bitcoin miners started working in April $1.16 billion, and ETH miners – $1.33 billion.