Bitcoin vs Ethereum - Is Ethereum more promising than Bitcoin?

 In June, bitcoin (BTC) miners outperformed Ethereum (ETH) miners for the first time in nearly a year. Nevertheless, miners on both sides are struggling. Their profit margins are shrinking, or even negative, due to the cryptocurrency winter.

Uncertain times for cryptocurrencies

Of course, a miner's profit depends on the price of the cryptocurrency he is mining. Due to the sharp decline in prices this year, miners are left with less and less money. In recent times, in particular, many of them are under great pressure and are being forced to sell off some of their reserves in order to maintain their operations.

Some sites have even been forced to give up and sell mining equipment in order to find other sources of income. As a result, many of these miners fled to traditional financial markets, especially debt and equity markets.

Bitcoin miners earn more than Aether miners

According to a Binance report, based on data from The Block, bitcoin miners earned $656.47 million in June. In turn, Ethereum miners earned $548.58 million in the same way. So that's a difference of over $100 million.

Aether miners overtook bitcoin miners in total revenue last year and held that position for a year. Until a month ago, ETH miners earned around $100 million more than bitcoin miners.

Previously, the difference was even greater, and the Binance report indicates that it has been consistently narrowing over the past few months.