Bitcoin miners collected $1.008 billion in combined revenue during August, their best month since May, as bitcoin's price climbed 24.95% over the period. Transaction fees contributed $7.1 million to that total. Miners still face a long climb before hashprice returns to pre-halving strength, with a fifth halving due in 2028.
Bitcoin miners pulled in $1.008 billion combined from block rewards and transaction fees in August, the strongest month for the sector since May. The rally came as bitcoin's price rose 24.95% during the month, giving mining operators room to breathe after a difficult summer.
Block rewards drive the August windfall
Block rewards accounted for $1.001 billion of the total. Transaction fees added $7.1 million, or 0.7044% of the $1.008 billion collected, according to newhedge.io analytics. The network's hashrate has held above 900 exahash per second. Daily hashprice stands at around $38.86 per petahash per second. Miners currently hold 1.92 million BTC, and outflow data shows they are largely holding rather than selling.
Outflows show brief spikes but stay limited
Miner outflows saw occasional bursts. More than 15,000 BTC left miner wallets in the first week of August, and a further spike of around 9,000 BTC followed the next week. As bitcoin's price rose further, a burst of about 12,000 BTC left miner wallets around Aug. 24, yet outflows stayed limited overall. Hashprice data for the month shows conditions similar to those miners saw back in May, though revenue remains well below levels seen before the 2024 halving.
Hashprice at $100 would need bitcoin near $198,950
For hashprice to climb to $100 per petahash per second, it would need to rise about 157% from current levels. That would put bitcoin's price at roughly $198,950 per coin. That moonshot comes as large bitcoin mining operations pivot toward artificial intelligence and high-performance computing infrastructure, which pays considerably more than mining alone. Miners will need cheaper power, better chips, and steady uptime to withstand the next halving in 2028.
Source: Bitcoin News
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