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amp_entity_view_alter(Array, Object, Object) (Line: 545)
Drupal\Core\Extension\ModuleHandler->alter('node_view', Array, Object, Object) (Line: 304)
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Bitcoin's (BTC) Share of Mining Rewards Is Close to Pre-Ethereum (ETH) Levels

Fri, 10/01/2020 - 19:47
As Ethereum (ETH) becomes more and more irrelevant on the mining scene, Bitcoin (BTC) miners continue to increase their share of rewards
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Bitcoin's (BTC) Share of Mining Rewards Is Close to Pre-Ethereum (ETH) Levels
Cover image via www.123rf.com
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According to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest, Bitcoin miners are now responsible for 80 percent of all mining rewards. BTC's share has increased by more than 250 percent since mid-2017.  

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As the graph below shows, BTC completely dwarfs other proof-of-work (PoW) cryptocurrencies, including Ethereum (ETH). 

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image by @yassineARK

Ethereum surpassed Bitcoin by the total amount of miner rewards back in May 2017. However, its share started to decline in a very steady manner, which coincided with falling ETH prices.  

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During the Ethereum 2.0 era, the leading altcoin will gradually transition to a proof-of-stake (PoS) chain.  

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