ETH miners’ profit reached $ 1.37 billion and exceeded the profit from BTC mining

February turned out to be extremely successful for both bitcoin miners and ether miners – both categories received record profits, with the profit for mining ETH exceeding $ 1 billion for the first time in history.

In February, ETH miners received $ 1.37 billion, which is 65.1% more than in January. At the same time, profit from commissions increased immediately by 122.1%. Ether miners received $ 644.4 million for block mining and $ 722.8 million in transaction fees. For the first time, transaction fees brought in more money for miners than block mining rewards.

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Bitcoin miners were in second place in terms of profit – $ 1.36 billion was received in February. At the same time, the income structure between the two groups of miners differs markedly – when BTC was mined, only 13.7% of the profit was received from commissions. Thus, Bitcoin miners received $ 1.18 billion in profit from rewards for mining the block, and profit from transaction fees amounted to $ 186.4 million.

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As of mid-February, Bitcoin miners received about 1 BTC from transaction fees when mining a block.

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