Ethereum miners generated $1.19 billion in revenues during February


Ethereum miners brought in $1.19 billion in revenue in February.

Most of these revenues came from the block subsidy ($1.09 billion) and only a small portion from transaction fees ($109.77 million).

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The numbers reveal a decrease in revenue totals for the third month in a row, with a month-over-month decrease of 15.3% between January and February.

Total revenues were $2.07 billion in November 2021 and have been going down since. They hit an all-time high in May 2021, with a total of $2.4 billion.

For more must-read figures from around the digital asset space, read the February by-the-numbers breakdown by The Block Research’s Lars Hoffmann (Research subscription required). 

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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