Quote from: D1NG0 on Today at 05:03:41 PM

Quote from: philipma1957 on Today at 04:11:57 PM

Quote from: D1NG0 on Today at 03:43:48 PM

What you said. The miners were making record profits in March-April due to the atrocious gas prices. Gas fees on top of block rewards are what got the rewards so high.

In the last week the gas has been the lowest in quite some time. Lows of 20-40 gwei on weekdays!
See for yourself: https://www.gasnow.org/

I see 2 reasons for the low gas fees and ipso facto “downed” block rewards:
1. Sidechains or alternate chains like Polygon or BSC picking steam until the Ethereum chain sorts things out
2. Ethereum in its current bullrun is too valuable to be wasted on fees of a contract where the monthly returns were equal to deposit+withdrawal gas fees. People find it better to hold the coin instead of losing 0.05 ETH fees interacting with a contract that gives 0.5% APR per month

but if you are mining for fiat or btc you are getting more than 10 cents a mh due to price rise.

It is how you look at it when you cash out, I guess - per diem. But going by OP’s data, close to ~61TH/s was added between the 2 days. As long as he used the same sample space during these periods and there were no major shifts to any outliers, we could say it gives a true picture of closed ecosystem. Now we know the block rewards and no. of blocks, so the other major parameters are the gas fees paid and no. of transactions.

With fees down and congestion low, a good piece of the pie goes missing. You could say this resembles a taste of what miners have to live with after EIP1559. This is why they complain.

19th April
ETH price: $2,166.19
Avg. gas: 195.80 gwei
Rewards (OP data): 28220 ETH = $61.13M

2nd May
ETH price: $2,952.06
Avg. gas: 43.10
Rewards (OP data): 16719 ETH = $49.35M

But now eth is 3300 not 2950 so price rise.more and fixes issue somewhat.

Metroid thinks 4600 is top price as compared to ratios of btc to eth from 2017-2018 to btc-eth now.

And if you think eth behaves like doge top price is 16600.

Time will tell.