Bitcoin miners escape months of distress as daily revenue surges by 78%
Summary
Bitcoin’s price recovery has improved miner economics: daily mining revenue rose about 78%, from roughly $27 million in July to as much as $48 million, while hashprice climbed above $40 per petahash per day. CryptoQuant’s indicator shifted from “extremely underpaid” to “fairly paid” in late August. Network hashrate has also rebounded to about 962 EH/s, though transaction fees remain low and block subsidies still dominate revenue. Miner outflows have eased, and some BTC-holding groups have stabilized their balances, potentially reducing selling pressure. The recovery remains dependent on Bitcoin’s price; rising competition and difficulty could squeeze margins again if prices fall.
