Bitcoin Mining Revenue Jumps To $1.39 bn In Feb
Bitcoin miners discovered 4,446 blocks in February, generating $1.39 billion in earnings, with $71 million coming from onchain transaction fees.
The revenue from bitcoin mining increased by $40 million compared to January, with Foundry USA and Antpool contributing the most blocks.
The month saw 47 to 53 mining pools participate, contributing SHA256 hashrate to the BTC chain. A 47% increase in BTC prices within 30 days significantly boosted miners’ revenue, allowing them to collect $1.39 billion, $40 million more than January’s $1.35 billion.
However, only $71 million came from on-chain transaction fees, a sharp decline from January’s $133 million and significantly below December’s $337 million in fees.
The mining landscape remains dynamic and closely watched, with 1,796 blocks remaining until the next difficulty adjustment and 7,172 blocks until the subsidy halving.
(With inputs from Shikha Singh)
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