Ethereum touches all time high and made $3.5 Million an hour

The second largest cryptocurrency in terms of market capitalization Ethereum miners has made a record breaking earning today touched $3.5 million in a single hour, a new record. Data from Glassnode, published today, showed that ETH miner revenue skyrocketed today, just like Ethereum’s price, which hit a peak of $1,756, its highest price ever

 

Ethereum miners, really just very powerful computers, make money by running software that solves complicated math puzzles to verify transactions on the Ethereum blockchain.

 

ethereum has emerged as the leading financial infrastructure, settling more than $12 billion in daily transactions, according to digital asset manager GrayScale’s latest report. It further says, both Ethereum (ETH) and Bitcoin (BTC) have surged today.

 

Ethereum is trading at $1,718, up 5% on the day. The coin's market capitalization—the combined price of all ETH in circulation—amounts to roughly $195.9 billion, with a daily trading volume of over $40 billion.