<p><span style="font-weight: 400;">Total Ethereum mining revenue reached $1.37 billion in February — a new record, according to data from The Block. </span></p> <p><iframe title="Ethereum Miner Revenue (Monthly)" src="https://embed.theblockcrypto.com/data/on-chain-metrics/ethereum/ethereum-miner-revenue-monthly/embed" width="100%" height="420" frameborder="0"></iframe></p> <p><span style="font-weight: 400;">Ethereum mining revenue grew 65.1% between January and February. During that time, transaction fees grew 122.1%.</span></p> <p><span style="font-weight: 400;">Ethereum mining revenue often features a relatively high ratio of transaction fees to block subsidies. Of the total revenue in February, $722.8 million, or 52.8%, came from fees. The remaining $644.4 million came from block subsidies. </span></p> <p><span style="font-weight: 400;">Meanwhile, The Block recently reported that Ethereum’s top mining pools </span><a href="https://www.theblockcrypto.com/post/96316/ethereum-mining-pools-divided-eip1559"><span style="font-weight: 400;">remain divided</span></a><span style="font-weight: 400;"> on whether to reduce miner transaction revenue through the Ethereum Improvement Proposal (EIP)-1559. While F2Pool, the third-largest ETH mining pool, F2Pool has said it supports EIP-1559 for its ability to reduce transaction revenue variability. But the largest pool, Sparkpool, opposes the proposal. </span></p>