Ethereum has so far put up a tremendous run in 2021. Its price has hit multiple all-time highs this year, cementing it as one of the best digital assets to be invested in for the year. Major upgrades to the network like the London hard fork have seen the project move towards a deflationary mechanism, creating scarcity in the asset by burning one-third of the fees issued on the network. The ETH mining industry also felt the heat when the Chinese government had begun its crackdown on crypto mining in the middle of the year. Like bitcoin, its mining revenue had been affected by the crackdown. However, ETH did not suffer as much as bitcoin did from this move. Hence, miners of the asset have seen good returns on their activity. The difference has been evident in the mining revenue between bitcoin and ethereum miners. Ethereum Outpaces Bitcoin Mining Mining revenues between Ethereum and bitcoin mining show a discrepancy in their figures. For one, Ethereum miners have definitely had the more profitable year out of the two. Although not a very wide gap, it is still a notable difference in the returns from both assets. While ETH miners saw a total of $17 billion in revenue from their mining activities, bitcoin miners only saw $13.6 billion. Related Reading | Goldman Sachs Analysts Shoot For Ethereum At $8,000 With Expected 80% Rally Volatility between the two assets has also played into how the figures have turned out. Bitcoin min...
