April 20, 2024

Miners earned more in February than ever before

Miners earned more in February than ever before

Last month, miners' earnings reached the highest rates in the entire history of cryptocurrency mining.

According to Coin Metrics, in FebruaryBitcoin miners have earned more than $ 1.36 billion in total, which is $ 110 million (8.8%) more than the previous record recorded in December 2017. Compared to January, the income level increased by 21.4%.

The bulk of the revenue came from rewards of $ 1.17 billion for the closure of new blocks. The remaining 13.7% or about 190 million miners received through the payment of commission fees.

Miners earned more in February than ever before

At the same time, income from ether miningfor the first time exceeded $ 1 billion. Since January, miners' earnings have increased by 65.1%, from $ 0.83 billion to $ 110 million, $ 1.37 billion, actually equal to the bitcoin revenue.

In the case of Ethereum, in addition to the rate increase,The increase in earnings was mainly due to an increase in transaction fees. They accounted for $722.8 million or 52.8% of revenue in February. Total payments for block closures amounted to $644.4 million.

Miners earned more in February than ever before

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