Wow... So from the deduction from the article... Mining is now less competitive due to the profit miners make as a result of high ethereum transaction fees....compared to the cost of electricity for mining... I think miners are having a good year..

The increasing profitability is a result of the recent price rise of the ether (ETH) cryptocurrency and a surge in transaction fees brought on by increasing levels of decentralized finance (DeFi) activities on Ethereum.

"With Ethereum transaction fees soaring, the daily profit that can be achieved by miners on the network is now at its highest point in 27 months."

Nice information sharing by you

>"With Ethereum transaction fees soaring, the daily profit that can be achieved by miners on the network is now at its highest point in 27 months." I think eth miners' income is getting satisfactory results, will this last long? This is bad for small traders and certainly alt for losing volume significantly

[https://www.google.com/amp/s/www.coindesk.com/daily-profitability-for-ethereum-miners-hits-over-2-year-high%3famp=1](https://www.google.com/amp/s/www.coindesk.com/daily-profitability-for-ethereum-miners-hits-over-2-year-high%3famp=1)

Over 2 year

nice information

Eth goes high

Ethereum fees continue to skyrocket: over 42% of the miner revenue is currently derived from fees. (hourly chart, 24h MA). According to Messari data, Ethereum miners have collected a cool USD 3.7m in fees in the past 24 hours (UTC 18:07) on a mere USD 2.2bn worth of transactions.

With Ethereum transaction fees soaring, the daily profit that can be achieved by miners on the network is now at its highest point in 27 months.

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