Bitcoin Miners Earn $1 Billion in August Amid Rising Hashprice

Bitcoin miners recorded their strongest monthly revenue since May, pulling in about $1.008 billion in August. The surge was powered by a 24.95% increase in Bitcoin’s price and a hashprice that climbed to $38.86 per petahash per second (PH/s).

Revenue Breakdown

Mining rewards accounted for roughly $1.001 billion, while transaction fees contributed $7.1 million (0.7044% of total revenue), according to newhedge.io analytics.

Hashrate and Hashprice

The network’s hashrate stayed above 900 exahash per second (EH/s). At the current price level, the daily hashprice sits at $38.86 per PH/s, offering miners modest relief compared with the post‑2024 halving period.

Miner Outflows

Miner wallets transferred over 15,000 BTC in the first week of August, followed by a 9,000 BTC spike the next week and a 12,000 BTC burst around August 24. Overall, outflows remained limited despite the price rally.

Future Outlook

Analysts note that reaching a $100 per PH/s hashprice would require Bitcoin’s price to approach $198,950, a level far above current market conditions. Miners are therefore focusing on operational efficiencies, cheaper power, and advanced hardware to sustain profitability ahead of the next halving expected in 2028.