Bitcoin miner revenue rebounds 78% to $48 million a day
Bitcoin mining revenue climbed from about $27 million in July to $48 million as BTC recovered, easing pressure while rising difficulty threatens the rebound.
The Blockheight Editors··2 min read
Bitcoin miners’ daily revenue rose from about $27 million at July’s lows to as much as $48 million as Bitcoin recovered from $58,000 to above $83,000, according to CryptoSlate’s Oct. 9 report citing CryptoQuant. The increase was 78%, lifting revenue after months when mining income was under pressure.
How much did mining economics improve?
CryptoSlate reported that Bitcoin hashprice, which estimates daily revenue per unit of computing power, briefly topped $40 per petahash per second per day, its highest level since January. It had eased to about $39 at the time of the report, based on data from Hashrate Index’s Bitcoin Hashprice Index.
CryptoQuant’s Miner Profit/Loss Sustainability indicator classified miners as “extremely underpaid” from May to August, then generally “fairly paid” from Aug. 21, when Bitcoin reached about $76,000. Those categories describe revenue relative to network difficulty under CryptoQuant’s methodology; they do not mean every mining operation is profitable.
What drove the rebound?
The higher Bitcoin price raised the dollar value of miners’ Bitcoin-denominated block rewards. Transaction fees also rose: CryptoQuant put the seven-day average at about $275,000, up from roughly $195,000, though still below the $400,000 to $800,000 range recorded during parts of 2025.
Network hashrate recovered to about 962 exahashes per second from 899 EH/s on July 31, CryptoQuant reported. More computing power competing for block rewards can put pressure on revenue per unit of computing power, even as total mining revenue rises.
What could reverse the improvement?
CryptoQuant identified Bitcoin near $80,000 as a short-term support level and said rising mining difficulty could compress hashprice if competition grows faster than revenue. A sustained decline toward that level could test the gains, particularly for miners with older equipment, according to CryptoSlate.
The revenue rebound is confirmed in the cited data, but a durable recovery remains unproven: CryptoSlate reported that miners had yet to show a sustained return to accumulation. The next test is whether Bitcoin’s price holds up as network hashrate and mining competition recover.
Source material
- CryptoSlate’s Oct. 9 report citing CryptoQuant — cryptoslate.com
- Hashrate Index’s Bitcoin Hashprice Index — data.hashrateindex.com