When considering Bitcoin dominance in terms of market cap and trading volume, spare a thought for the poor miners. The miners of other altcoins, that is, as they share under 10% of the total fees value between them.
Only Bitcoin (and Ethereum) Mining Truly Earns A Fee
According to figures from Messari.io, Bitcoin miners collected nearly $754,000 in fees over the past 24-hours. All other cryptocurrencies combined (with data available) brought in just $76,000 in fees, meaning Bitcoin dominance stood at almost 91%
The lion’s share of the other 9.1% was from Ethereum with $73,000; third placed Litecoin languished behind with just under $1500, whilst Dash (in fourth) brought in just $235.
So from the miners’ point of view there is little inclination to mine anything but Bitcoin (and…