According to the data of the on-chain analysis resource glassnode, the income of Ethereum (ETH) miners soared in September. Although the price of ETH did not rise significantly during this period, miners on the Ethereum network saw an increase in revenue due to high fees.

During the same period, the fee income of Bitcoin miners paled in comparison to Ethereum, and actually declined. The income of BTC miners in September was $26 million, a 50% decrease from the $39 million in August. According to data from the cryptocurrency mining pool F2Pool, the mining profit of ETH is now three times that of BTC.

As the income of Ethereum miners grows, new participants join the network to gain revenue. The computing power of the network has also been growing steadily, and it broke a record high on October 7, which is another fundamentally bullish signal for ETH, as it indicates that more participants have invested in the network.

Undoubtedly, at least in the short term, it will be of great benefit to miners. It depends on whether miners can seize this wave of opportunities. RHY has prepared a powerful A10Pro mining machine with computing power to supply it to miners, and the income easily exceeds 100%. 

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