Bitcoin: About $1.66 Billion Raised by Miners in August
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Bitcoin (BTC)
In August, bitcoin miners generated revenues close to $1.65 billion, a level virtually identical to that of July. This maintenance reflects an impressive resilience of the sector, despite a context marked by rising costs and energy pressure. But behind this apparent stability lie structural fragilities that raise questions: Can the current mining model really be sustained in the long term?
In summary
Bitcoin miners generated between $1.633 and $1.66 billion in August.
Transaction fees now account for nearly 2% of revenues, up from less than 1% previously.
The number of pending transactions ranges from 85,000 to 93,000, indicating increasing congestion.
Profitability remains far from pre-halving levels of April 2024.
Bitcoin miners' revenues remain strong in August
Since the end of June 2025, the Bitcoin network has experienced a gradual increase in activity. In August, bitcoin miners generated between $1.633 and $1.66 billion, practically the same amount as in July.
This stability confirms the strength of their revenues, despite an environment marked by strong competition and high energy costs.
Data compiled by Newhedge and The Block show that the block subsidy remains the backbone of this profitability.
Transaction fees, although modest in absolute value, around $1.30 per transfer on average, are increasing in importance. They now account for about 1.9% of total rewards, up from less than 1% a few months ago.