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<a href="https://bitcoinworld.co.in/revenue-from-bitcoin-mining-jumped-in-february-despite-fee-decline/" title="Revenue From Bitcoin Mining Jumped To $1.39 Billion In February Despite Fee Decline" rel="noopener noreferrer nofollow"></a>
The revenue from bitcoin mining in February jumped by $40 million compared to January, though the amount collected from fees saw a decrease this month.
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from on-chain transaction fees.&nbsp;
<h3 id="span-style-font-weight-400-bitcoin-s-hash-price-breaks-100-span">Bitcoin’s Hash Price Breaks $100</h3>
In February, Foundry USA led the way by <a href="https://btc.com/stats/pool?pool_mode=month" rel="noopener noreferrer nofollow">mining</a> 1,334 blocks, accounting for 30.06% of the total, while Antpool secured 1,152 blocks, representing 25.96%.&nbsp;
The month saw participation from 47 to 53 mining pools, all contributing SHA256 hashrate to the BTC chain.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-approaches-its-69k-all-time-high-price-is-it-time-to-start-buying-btc-related-projects/" aria-label="“Bitcoin Approaches Its $69k All-Time High Price, Is It Time To Start Buying BTC-related Projects?” (Edit)" rel="noopener noreferrer nofollow">Bitcoin Approaches Its $69k All-Time High Price, Is It Time To Start Buying BTC-related Projects?</a>
The rise in BTC prices by 47% within 30 days significantly boosted miners’ revenue for February, allowing them to collect $1.39 billion, which is $40 million more than the $1.35 billion logged in January.
Out of the total $1.39 billion, 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.
Since Feb. 25, 2024, the network’s hash price, or the value of one petahash per second (PH/s) of hashing power per day, has climbed above the $100 mark.
As of March 2, 2024, the hash price per petahash stands at $104, a noticeable increase from the sub-$85 figures seen before Feb. 25.&nbsp;
Currently, the network’s hashrate operates at 584 exahash per second (EH/s), which is slightly down from the peak of 609 EH/s recorded on Feb. 7, 2024.&nbsp;
With 1,796 blocks remaining until the next difficulty adjustment, which is anticipated to drop by 2.9%, and 7,172 blocks until the subsidy halving, expected around April 15-20, 2024, the mining landscape remains dynamic and closely watched.
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The post <a href="https://bitcoinworld.co.in/revenue-from-bitcoin-mining-jumped-in-february-despite-fee-decline/" rel="noopener noreferrer nofollow">Revenue From Bitcoin Mining Jumped To $1.39 Billion In February Despite Fee Decline</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Revenue From Bitcoin Mining Jumped To $1.39 Billion In February Despite Fee Decline

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