Ethereum Mining Revenue Soars to 3Month High in Last Full Month of PoW

Ethereum mining revenue rose to a three-month high due to increased interest in mining rewards in August. This was the last full month of mining ETH before ‘The Merge.’ The announcement of the transition to a proof-of-stake (PoS) network was first made on Dec. 1, 2020. The transition has finally been slated for this month, causing an increase in demand for ETH mining rewards since they will be scrapped and replaced with staking interests after the successful completion of The Merge.