Ethereum mining revenue breaks $1 billion for the first time in February
Total Ethereum mining revenue reached $1.37 billion in February — a new record, according to data from The Block.
Ethereum mining revenue grew 65.1% between January and February. During that time, transaction fees grew 122.1%.
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.
Meanwhile, The Block recently reported that Ethereum’s top mining pools remain divided 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.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: MK Manoylov
