Why is Huobi miner fee not high?

Why is the Huobi miner fee not high? The miner fee on Huobi is mainly reflected in the different costs of mining machines.

First, the miner fees for Bitcoin and Ethereum are different. For example, the Ethereum mining pool needs to pay users 100 BTC or 50 ETH as a fee; while the Bitcoin miner fee is relatively cheaper because its transaction volume per block is large and cannot be tampered with, resulting in higher mining difficulty. However, since the Ethereum network currently does not support smart contracts, the funding needs of ordinary users are not very high. Secondly, the Ethereum miner fee needs to collect a certain proportion of electricity costs for mining machine maintenance.

But why is the Huobi miner fee high? We can explain from two aspects: first, the miner fee is not low. Second, the miner fee is similar to other platforms in general. It is usually calculated based on the amount of computing power contributed by the user and the amount of computing power occupied. And the higher the miner fee, the higher the income. Third, mining costs are relatively expensive because the configuration of mining machines is very complicated, and once there are a large number of equipment failures that cannot be repaired, etc.