After several months of decline, Ethereum miners saw a 7.2% increase in revenue in March. The month-over-month growth brought in a total of $1.29B. A small amount of the income was transactions fees and uncle rewards, but most were from block subsidy, newly mined crypto. End-of-month numbers show Ethereum miners generated 1.08x more revenue than Bitcoin miners.
Are you just going to say "uncle block" and move on? Uncle blocks, or Ommer, are generated when two miners create a block at nearly the same time. The blockchain adds only one of the resulting blocks. Other miners’ work is rewarded with lower value uncle blocks.
The March bump was the first increase since November 2021, generating $2.07B. The highest month to date was May 2021 at $2.4B.