Ethereum miners generated $1.19 billion in revenues during February

Mining • March 4, 2022, 10:41AM EST

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).

About Author

Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).