Ethereum (ETH) Mining Reward Hits Lowest Ever

Ethereum (ETH)–According to Etherscan data for Feb. 11, daily mining rewards for the second ranked cryptocurrency by market capitalization Ethereum have fallen to their lowest recorded levels.

While ETH has rallied alongside the rest of top ten currencies, even propelling itself above XRP to reclaim the second largest market capitalization, the coin is now experiencing its lowest levels of new coin minting since the data was first tracked. On February 10th, 13,370 ETH was created, a substantial drop from new coin creation logged in December 2018 at over 20,000 ETH per day. For comparison, the all time high of ETH mined in a single day occurred on July 30, 2015 when over 39 thousand new coins were forged into existence. Etherscan data reveals that the sudden and severe drop in ETH mining is the result of an increase in Ethereum mining difficulty.

While investors and ETH miners have anticipated an increase in mining difficulty, and subsequent decrease in mining reward, the change…

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2019-02-13 01:27:08

Michael Lavere

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