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Bitcoin and Ethereum Mining Revenue Tumbled in February

2022/03/04 13:28

According to BeInCrypto Research, Bitcoin miners were able to generate around $1.06 billion in revenue during the second month of 2022. The total profitability of Bitcoin mining over the past year was down 21% since February 2021, which saw $1.36 billion in revenue recorded. In January 2022, the single-day high on revenue for Bitcoin Miners was $60.16 million. The single-day high on revenue for Bitcoin Miners in February 2022 was 16% lower than the best day high in the first month of the year. The single-day high for February 2022 was $50.02 million. Ethereum miners managed to generate $1.25 billion in February revenue. January 2022 saw Ethereum mining brings forth total revenue of $1.47 billion. Ethereum mining also saw a year-on-year monthly decrease for February. February 2021 saw $1.39 billion in revenue recorded, with 2022’s figure decreasing by 10%. Ethereum remains the clear favorite for several miners. Before the mining revenue decline of February, January 2022 saw Ethereum mining revenue outpace Bitcoin by 20%. In addition to this, Ethereum mining revenue surpassed Bitcoin’s by 32% in December 2021, with Ethereum a clear favorite in February 2022, with 17% more revenue than Bitcoin.
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