In February, bitcoin miners found a whole of 4,446 blocks, collecting earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction charges. The revenue from bitcoin mining in February rose by $40 million when in contrast with January, though the amount unruffled from charges saw a decrease this month.
Bitcoin’s Hash Label Breaks $100
In February, Foundry USA led the manner by mining 1,334 blocks, accounting for 30.06% of the full, while Antpool secured 1,152 blocks, representing 25.96%. The month saw participation from 47 to 53 mining swimming pools, all contributing SHA256 hashrate to the BTC chain. The upward thrust in BTC costs by 47% within 30 days severely boosted miners’ revenue for February, allowing them to acquire $1.39 billion, which is $40 million better than the $1.35 billion logged in January.
Out of the full $1.39 billion, easiest $71 million came from on-chain transaction charges, a engaging decline from January’s $133 million and severely below December’s $337 million in charges. Since Feb. 25, 2024, the network’s hash label, or the worth of one petahash per second (PH/s) of hashing energy per day, has climbed above the $100 value.
As of March 2, 2024, the hash label per petahash stands at $104, a noticeable develop from the sub-$85 figures viewed earlier than Feb. 25. Currently, the network’s hashrate operates at 584 exahash per second (EH/s), which is a little of down from the terminate of 609 EH/s recorded on Feb. 7, 2024. With 1,796 blocks remaining till the following remark adjustment, which is anticipated to drop by 2.9%, and 7,172 blocks till the subsidy halving, anticipated spherical April 15-20, 2024, the mining panorama stays dynamic and closely watched.
What design you take into accout February’s bitcoin mining action? Allotment your tips and opinions about this field in the comments allotment below.
