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).

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).