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Bitcoin miners’ daily revenue rose 78% from July’s lows as higher Bitcoin prices eased pressure on the industry. According to CryptoQuant data, revenue increased from approximately USD 27 million to as much as USD 48 million. The recovery followed Bitcoin’s climb from around USD 58,000 to above USD 83,000, increasing the value of mining rewards after several months of weak earnings.
CryptoQuant’s Miner Profit/Loss Sustainability indicator generally classified miners as 'fairly paid' from August 21, when Bitcoin reached approximately USD 76,000. Between May and August, the indicator had largely placed miners in its 'extremely underpaid' category, reflecting weaker revenue relative to mining difficulty.
The improvement also appeared in hashprice, which measures expected daily revenue for a given amount of mining computing power. Hashrate Index data showed the measure at approximately USD 39.14 per petahash per second per day on October 9, after recently moving above USD 40.
Higher revenue does not mean every operator earns a profit. Electricity prices, equipment efficiency, maintenance and financing costs determine how much income miners retain. Operators with lower costs can keep more of their mining proceeds than those running older equipment or paying higher power rates.
According to CryptoQuant, Bitcoin’s network computing power recovered to approximately 962 exahashes per second, compared with 899 on July 31. However, it remained around 13% below its previous peak, improving from an approximately 18% decline in late July.
More computing power increases competition for Bitcoin’s block rewards. As miners return equipment to service, mining difficulty can rise, reducing the expected Bitcoin output from an individual machine. Operators therefore face changing revenue even when their equipment and electricity consumption remain the same.
Meanwhile, daily transaction fees increased from approximately USD 195,000 to USD 275,000 on a seven-day average. That remained below the USD 400,000 to USD 800,000 range recorded during parts of 2025. Block rewards continued to provide most mining revenue, keeping earnings closely tied to Bitcoin’s price.
CryptoQuant recorded no further extreme miner outflows after August 21, when approximately 29,000 BTC left miner-associated wallets. Subsequent transfers stayed within normal ranges, with the latest daily figure at around 12,000 BTC.
Wallet transfers do not necessarily represent immediate sales. Miners can move Bitcoin between accounts or transfer it for other purposes. The lower outflow readings show reduced transfer activity compared with August’s spike, rather than confirming that miners stopped selling.
Older mining wallets also transferred less Bitcoin. Satoshi-era miners, excluding addresses associated with Patoshi, moved approximately 600 BTC in September, down roughly 70% from January’s 2,000 BTC. Their combined holdings remained around 590,000 BTC.
Balances in miner addresses holding between 100 and 1,000 BTC stabilized after months of declines. Their combined holdings fell from approximately 64,000 BTC in December 2025 to 51,000 BTC by early September, then remained relatively steady.
CryptoQuant identified Bitcoin’s 365-day moving average near USD 80,000 as a support level, followed by its 200-day average around USD 71,000. A price decline would reduce the value of mining rewards, while rising difficulty could further limit earnings.
Mining profitability depends on revenue covering operating costs and equipment expenses. Higher industry income has eased financial pressure, but individual returns still depend on power prices, hardware efficiency and competition across the network.
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