Crypto

Ethereum Miners are Heavily Accumulating ETH These Past few Months

Many people expect that Ethereum miners sell off their earnings right away. A recent chart shared on Reddit show that is not the case by any means.

In fact, the chart indicates how Ethereum miners are effectively accumulating ETH at a high rate.

Very Interesting Behavior by Ethereum Miners

Given the recent Ethereum price surge, that is only to be expected.

After all ,miners want to maximize their earnings at all times.

Sometimes, holding and accumulation is the most viable approach.

As is the case with Ethereum miners, evidently.

Why this level of accumulation takes place other than “for future gains” remains somewhat unclear.

One also has to keep in mind that Ethereum has proven to be far less volatile compared to other crypto asset.

Related Post

The cumulative balance of all Ethereum mining pools currently sits at nearly $300 million.

How many Ethereum miners share this optimistic outlook, is unknown at this time.

Reddit users point out how the previous ETH accumulation phase took place in late October of 2019.

This appears to be a common trend among all mineable cryptocurrencies on the market today.

Preparing the next bull run is always crucial in the crypto industry.

However, that should never come at the cost of offsetting one’s mining costs either.

With the swift to proof-of-stake on the horizon, holding more ETH becomes a lot more attractive. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Step Finance Confirms Major Treasury Breach On Solana

Step Finance has disclosed a significant security incident involving its protocol-owned funds, marking one of…

1 day ago

Crypto Hacks Surge Again As January Losses Hit $86 Million

The crypto industry is once again grappling with a rising wave of security breaches as…

1 day ago

Vitalik Buterin Says Creator Coins Miss The Real Problem

Ethereum co-founder Vitalik Buterin is once again challenging a popular crypto narrative, this time around…

1 day ago

Step Finance Hit By Major Treasury Breach

Shockwaves moved through the Solana ecosystem after DeFi dashboard and portfolio platform Step Finance confirmed…

3 days ago

Tether Caps A Record Year With Explosive Profit Growth

Tether has released its Q4 2025 quarterly attestation, and the numbers confirm what much of…

3 days ago

Lighter EVM Marks A Major Shift From Trading Engine To Full-Stack DeFi Platform

Lighter is officially stepping beyond its roots as a high-performance perpetual DEX with the launch…

3 days ago