Value Of Ethereum Held By Miners Reaches Five-Year Record Levels | bitcoin news | crypto news

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--Value Of Ethereum Held By Miners Reaches Five-Year Record Levels.

--Despite the Ethereum burn introduced with the London hard fork, miners are still making a good amount of revenue from mining. For ETH, the balance held by miners had been dropping since 2016. This was mostly a combination of poor market conditions and miners selling their holdings to fund their mining activities. With low prices, the total dollar value of miners’ ETH holdings had dropped.

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