Bitcoin and Ethereum miners earned $1.36 billion in February

Bitcoin and Ethereum miners’ revenues in February reached parity, hitting a record high of $1.36 billion.

The split between transaction fees and block rewards was 52.9% to 47.1% for Ethereum, while for Bitcoin it was 13.7% to 86.3%.

Ethereum miners’ aggregate revenue in February rose by 65.1%, including a 122.1% rise from transaction validation.

Ethereum miners’ revenues by month, in millions of dollars. Data: Coin Metrics.

Bitcoin miners’ earnings exceeded their December 2017 peak. This was aided by the price growth to new all-time highs. Relative to January, the figure rose by 21.4%.

Bitcoin miners’ revenues by month, in millions of dollars. Data: Coin Metrics.

Earlier ForkLog reported about the explosive growth of shares of manufacturers of Bitcoin mining equipment and mining firms.

In Ethereum’s network, discussions about EIP-1559 began. It envisions burning part of transaction fees. As a result, miners split into two opposing camps.

Bitmain co-founder Jihan Wu supported EIP-1559.

In the near term, ForkLog will release another overview of the month’s main events — we will dissect exchange records, DEX, DeFi and many other figures, as well as whale purchases and regulatory developments.

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