Post
Topic
Board Mining (Altcoins)
Re: Ethereum mining reward shrinking
by
Randey Lahey
on 01/03/2021, 15:39:06 UTC
Currently the reward per block is 2 ETH + fees, and as you can see here the fees are representing 50% or more in the reward:
https://etherscan.io/blocks

Fees remain very high, but the hashrate continues to rise at a speed never seen before:

https://i.postimg.cc/tT8VyFdd/hr-436-x-182.jpg

I admittedly still don't fully understand the way fees/difficulty works, but what I have seen the last week is my 'daily estimated' profit in Ethermine drop from about 0.008 to 0.0055, even though the price has rebounded somewhat, this keeps going down.  Does that not just mean that my profit is about half what it was?