From TokenPost · · 40s
Bitmine Staking Rewards Estimate
Bitmine projects $309 million annual staking rewards from 5.07 million ETH.
In brief
Bitmine projects $309 million annual staking rewards from 5.07 million ETH. Bitmine's staked ETH generates $309 million in annual rewards at a 2.58% yield. Originally reported by TokenPost.
Bitmine Staked ETH Balance
Bitmine had 5,067,309 Ether staked as of Oct. 18, supporting a $309 million annualized reward estimate at a 2.58% seven-day yield.
Staked Balance Unchanged
The staked balance was unchanged from a week earlier, with 84% of Bitmine’s 6.04 million ETH holdings staked.
Annualized Reward Estimate
The estimate uses an ETH reference price of $2,365, valuing the staked position at about $12 billion.
The short version
Bitmine's staked ETH generates $309 million in annual rewards at a 2.58% yield.
