Ether Miners Earned $800M in January
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Ether miners earned $800M in January, surpassing the previous record reached in early 2018. The Block has reported that 40% of the total (over $311M) came from network transaction fees. According to the F2Pool index, the most efficient Ether mining devices, such as the GPU Nvidia RTX 3080 or the ASIC miner InnoSilicon A10 Pro, can generate daily revenues of up to $62.

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However, as with Bitcoin miners, GPUs and ASIC miners for the Ethash algorithm are experiencing significant supply shortages, which is causing problems for gamers who need Nvidia and AMD graphics cards to play high-demanding video games.

At the same time, Mike Novogratz has previous forecasted the price of Ether will rise to $2,600. His crypto bank Galaxy Digital has promised to roll-out new Ethereum-based funds in February. In particular, the bank intends to launch the Galaxy Ethereum Fund, which will be aimed at institutional investors as well as two funds for retail clients. The custody of the assets will be managed by the custody division of crypto exchange Gemini.

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