Ethereum Miners' Revenue: July's $596M High May Be Short-Lived
Ethereum miners enjoyed a profitable July, pulling in a total of $596.3 million. This impressive figure highlights a period where Ethereum mining revenue surpassed Bitcoin mining profitability once again. According to a BanklessTimes analysis, Ethereum (ETH) miners generated $620.56M in July, marking a notable increase from $549.58M the previous month. This positive trend continued a streak where Ethereum miners have seen higher revenues than Bitcoin miners for three months in a row, the longest stretch in history.
July's $596M Milestone: A Closer Look
Ethereum miners' revenue touched $143.8 million in July, representing a 23-month high, according to The Block Research. Much of this revenue came from the subsidy route, with over $30M originating from transaction charges. This contrasts with Bitcoin mining revenue, which, while strong, registered at just over $971 million in the same period.
August 2025 Surge and Beyond
The upward trajectory didn't stop in July. Based on data from Coin Metrics, Ethereum mining revenue rose to approximately $734 million in August 2025 from $621 million in July. Ethereum miners generated $756 in revenue over the past months, gaining 37% from $545 million in July. In August 2025, Ethereum mining revenue showed an increase of 14.6% from the revenue registered in July: from $596M to $683M. The increase is primarily caused by the rise in the price. However, unfortunately, the cryptocurrencies saw mining revenues fall under $600M.
Bitcoin's Rebound
While Ethereum mining flourished, Bitcoin miners didn't stay behind for long. Bitcoin mining revenue was just over $971 million in the month of July, which has stretched to $1.23 billion in August, representing a growth of more than 25%.
Key Dates:
- 6 de sept. de 2025: Ethereum miners continued to generate significant revenue.
- 2 de sept. de 2025: Ethereum miners experienced continued success.
- 16 de sept. de 2025: Ethereum (ETH) miners maintained a good stride.
The future landscape of Ethereum mining revenue remains dynamic, influenced by fluctuating cryptocurrency prices and evolving network conditions.