In February, Ethereum miners were able to earn $1.25 billion. As in the case of bitcoin mining, the income of miners of the second cryptocurrency has been declining for the fourth month in a row.
According to The Block Research, in February, most of the income for Ethereum miners came from block mining rewards – $ 1.09 billion. Miners received significantly less from commissions – $ 109 million. Another $ 48 million came from rewards for mining “uncles”.
“Ankles” are blocks that are created when two different miners simultaneously broadcast valid blocks to the network. Only one block is included in the blockchain, and the second one receives the “uncle” status. However, the miner still receives a reward for finding this block.
Miner revenues have been falling since November 2021, when the figure exceeded $2 billion. In January, Ethereum miners received $1.47 billion, thus their income decreased by another 15.3%. The record high was recorded in May 2021 when miners received $2.4 billion, with $1.03 billion coming from transaction fees.
Recall that Bitcoin miners received $1.06 billion in revenue in February. Of these, $1.05 billion was received for rewards and only $12.92 million (1.19%) for transaction fees.
Source: Bits
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