Bitcoin miners struck gold in July, hitting their highest earnings since the April 2024 halving. In fact, July’s mining income jumped approximately 19.42% higher compared to June.
Bitcoin Miners Rejoice With July Windfall
Bitcoin’s price action gave miners a much-needed boost last month, with July clocking in as their best payday since the April 20, 2024 halving. Back then—more than a year ago—miners raked in $1.79 billion. This July, they pulled in a solid $1.66 billion in total earnings from fees and block rewards, according to data from theblock.co.
Source: Bitcoin Miner Revenue (Monthly) from theblock.co.
In June 2025, miners hauled in $1.39 billion, so July’s total marked a $270 million jump—or a 19.42% increase in revenue. Of the $1.66 billion earned in July 2025, just $16.43 million came from onchain fees. Fee revenue has been noticeably thinner this year; for context, back in April 2024, when miners brought in $1.79 billion, a hefty $281.47 million of that came from fees alone.
While hashprice—the estimated earnings from 1 petahash per second (PH/s) of hashpower—held up decently in July, August opened with a bit of a dip. On July 2, the value of 1 PH/s stood at $58.40, but that figure has slipped 2.81% to $56.76. That means a full exahash per second (EH/s) now fetches $56,760, down from $58,400 just a month ago.
This dip in revenue has tightened the screws on miners. The total hashrate peaked at 943 EH/s on July 26, but by a week later, it had eased down to 900.29 EH/s. Block times have stretched out, too, averaging 10 minutes and 16 seconds as of 8:30 a.m. Eastern on Saturday. If this pace continues, miners could be looking at a difficulty drop when the next adjustment hits on Aug. 9, 2025.
