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Bitcoin miners earn commissions 8 times more than miners of all altcoins

Bitcoin-miners-earn-commissions-8-times-more Bitcoin miners earn commissions 8 times more than miners of all altcoins

According to Messari analyst's OnChainFx rating dated May 10, Bitcoin miners, on transaction processing fees alone, received $ 580,000 per day. 

For comparison, all of the miners of other cryptocurrencies, also analyzed by Messari, for the same period, earned 8 times less.

Thus, the miners of the Ethereum earned $ 68,000 on commissions, which is 88% less than the commissions of Bitcoin miners. Next comes Litecoin and $ 1,100 received by miners from commissions. The total amount of commissions received by the LSK, BCH, XMR, DASH, DOGE and ETC cryptocurrency miners was less than $ 1,500.


Analysts say that as the reward for the blocks decreases, the role of the commissions will increase, as they will become the only incentive for miners to ensure the safety of the Bitcoin network. However, there are many cryptocurrencies with a different management model, where the key factor is the maximum reduction in transaction fees. 

SOURCE

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