Bitcoin Miners Hit $1.08B in May Revenue, Then Prices Pull the Floor Away

Miners Feel the Weight of $66K Bitcoin

The bitcoin mining assemblage is grappling with hashprice levels not seen since aboriginal April, with the regular worth per petahash per 2nd (PH/s) slipping 17.82% from a period ago. Data from hashrateindex.com indicates the regular gross generated by 1 PH/s was $37.44 conscionable 30 days ago, whereas contiguous that fig has eased to astir $30.77.

Outside of the existent period, April, and overmuch of the agelong betwixt Feb. 18 and precocious March, hashprice maintained noticeably stronger levels. Tuesday’s intraday debased of $65,362 is much than capable to marque miners uneasy, arsenic debased prices proceed to spot important strain connected profitability. This is gradually affecting hashpower arsenic the hashrate has dropped from the 1,000 EH/s scope to beneath 975 EH/s.

Current statistic and estimates. All 3 of these figures tin change. Image source: hashrateindex.com astatine 8 p.m. ET connected June 2, 2026.

One origin moving successful miners’ favour is that a simplification successful computational powerfulness has pushed artifact intervals beyond the network’s 10-minute target. At property time, 8 p.m. ET connected Tuesday, blocks were being produced astatine an mean gait of 10 minutes and 49 seconds. If the existent gait holds done astir June 13, the network’s mining trouble is expected to set downward.

Current estimates constituent to a imaginable 7.5% alteration successful web difficulty.

Miners Enter June With One Strong Month and One Big Question

Bitcoin miners enjoyed a beardown May from a gross standpoint, with monthly net climbing supra the $1 cardinal people for the archetypal clip since January. According to newhedge.io stats, miners generated $1.086 cardinal during the month, with $1.079 cardinal of that full derived from the 3.125 BTC artifact subsidy. In different words, transaction fees contributed virtually thing to the month’s gross haul.

Bitcoin mining gross was the champion period since January 2026. Image source: newhedge.io

Miners Have Little to Lean connected Unless the Price Moves North

More recently, transaction fees person ticked up somewhat aft accounting for little than 0.6% of the full artifact reward for an extended period. Over the past 24 hours, mean interest gross has edged higher, representing astir 1.16% of the wide artifact reward. That humble summation successful fees, coupled with a apt trouble reduction, provides miners with a tiny buffer portion BTC prices stay nether pressure, though it does small to change the broader economical world facing the industry.

Miners came into June with a beardown May astatine their backs. Whether that carries them done the adjacent fewer weeks depends connected wherever bitcoin goes from here.