According to The Block Research, bitcoin mining revenue continues to fall as miners earned a total of $1.06 billion in February 2022.
The analysis of the company showed that almost all of thisthe amount is accounted for by rewards for closing blocks, and the commission amounted to only $12.96 million or 1.22%. Compared to January's $1.21 billion, total revenue fell nearly 13%.
This is due to the collapse of the market and the growing complexity of the network. Miners are ramping up their mining rates so as not to miss the opportunity to get some of the remaining less than 10% of the coins.
Negativedynamics has been maintained for the fourth month in a row.After miners earned a total of $1.72 billion in October, their income continues to fall smoothly. The record figure was recorded in March 2021 and amounted to $1.75 billion.
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Income of bitcoin miners in March exceeded $ 1.5 billion
Miners earned more in February than ever before
Estimated income of bitcoin miners last year was about $ 5 billion
Bitcoin miners earned $ 1.72 billion in October
Ethereum mining revenue grows 60% in August
The Block: in March, the total income of Bitcoin miners amounted to more than $ 380 million