After a protracted decline in the market, the cryptocurrency and the drops of Hypa around the mining of digital assets Etherid finally pleases its "miners" with new records. According to the GlassNode analytical platform, on February 5, Etheric miners earned an equivalent of $ 3.5 million in just one hour. Among the main reasons for a high jump in the profitability of the mining, the rapid growth of ETH prices over the past few months. We understand in a situation in more detail.
By tradition, we will start with the explanation. The income of Mainers Etheric is consisted of two components - awards for the found block cryptocurrency and bonus in the form of commissions for conducting transactions. The award for the block is fixed and at the moment is 2 ETH. Plus, the owners of video cards receive commissions that regular users pay for transactions. This indicator is unlimited and can significantly exceed the already mentioned 2 ether.
Since transactions with the biggest commission are the first to be held, users are interested in improving it to get around a common queue and jump into the outgoing train with their transaction. This auction system provokes a general increase in the cost of transfers that are sent to the Majneram.
We clarified the latest data: today Ethyurium is the most profitable cryptocurrency for mining. According to the 2CRYPTOCALC calculator, one video card model NVIDIA GeForce GTX 1070 Ti today earns about 3.4 dollars per day without taking into account electricity costs. For the month, income will exceed a level of $ 100, and if the course of Etheric will grow, the dollar equivalent of profits will be even more.
Etheric mining is now of great interest for miners. For example, on the 2miners pool, more than 13 thousand people are mined. If you are looking for the most profitable miner for mining ETH, read our material "Comparison of the best Ethereum miners for NVIDIA and AMD video cards."
Is it worth Major Etherium
According to the CoingEcko platform, Etherium has reached a new historical maximum on Friday, approaching a 1752 dollars. The graph below the price increase is shown in parallel with the income volume of miners ETH. He also reached the historical record on the same day.
Moreover, the "most profitable" fifth anniversary of February, Mainers managed to get more than 3.5 million dollars of income. Such numbers have never been fixed, reports Decrypt.
During the day before this - February 4 - miners earned more than $ 53 million in 24 hours. It is almost 10 million more than the day before. For comparison: February 1, Mainers managed to earn "only" $ 29 million.
Note that although high commissions and are a favorable factor for miners, other users of the Ethyurium network suffer because of this loss. Growing for operations with smart contracts and ETH shipment only slows down the ecosystem development, lowering the input threshold for the use of cryptocurrency.
That is, it is now unlikely to wait for the influx of new users to the industry, because during a recent peak, even a regular transaction in the Etherium network went into equivalent $ 25. Naturally, many newcomers, this feature is unable to scare.
Fifth February for the translation in the eth network really needed to give $ 25. And this record of this indicator is so expensive transactions have never been.
However, it is worth noting that users continue to carry out transactions and swaps, even despite the incredible cost of interaction with the blockchain. This means that the prospects of Etieth are noticeably outweigh the difficulties in the form of high commissions. So the version of Haters ETH that the transient gas price will destroy the cryptocurrency project, has already failed.
Let us turn to the second historical record of Altkina - the number of transactions in the cryptocurrency network per day. According to the Etherscan Bliz Observer, on February 6, an anniversary billion transaction was held in the Etheric network. For contrast: In January 2018, when the cryptocurrency reached its historical maximum during the previous runway, the Etheric network has processed about a million transaction per day.
However, after the growing market gave way to collapse, the daily volume of transactions decreased and fluctuated on average from 500 thousand to a million units. Since June 2020, the number of daily transactions has constantly exceeded a million, which was caused by the rapid development of DEFI protocols based on the Etheric Blockchalter.
For example, projects in the field of decentralized finances by type Aave and Uniswap allow traders to earn interest on their assets and exchange crypt on a decentralized basis. And on this possibility of the new industry does not end.
We believe that the record growth of commissions in the Etheric network is a compliment for this blockcha. It means that users see tremendous value in the network and are ready to use it in any conditions - including high load.
Note that developers are working to lower commissions on the network. In particular, they plan to reduce the cost of interaction with the network in the equivalent of gas, which is why ordinary transfers should be cheaper. By the way, now transactions are not particularly expensive: for the rapid transaction, it is recommended to evaluate GAZ in 113 GEVEV. Last week, this indicator, including, exceeded the level of 450 GVEV.
Decentralized finances have become the main stimulus for the rapid load of the battery of the Etheric, significantly increase the profitability of Mineland Altkina. You can also participate in this process by joining the 2miners pool. And if you have no own cryptoferma, our cryptopat's subscribers will help advice on its assembly.
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