Bitcoin miners generated $1.086 billion in revenue during May, marking the first billion-dollar month since January, according to data from newhedge.io. The revenue milestone occurred as hashprice dropped 17.82% over 30 days, with the daily value per petahash per second (PH/s) falling from $37.44 to $30.77, according to hashrateindex.com data. The decline reflects pressure from Bitcoin trading near $66,000, which has strained miner profitability and contributed to network hashrate dropping from the 1,000 EH/s range to below 975 EH/s.
Bitcoin Miners Generated $1.086B in May Revenue
Bitcoin miners earned $1.086 billion during May, with $1.079 billion derived from the 3.125 BTC block subsidy, according to newhedge.io stats. Transaction fees contributed virtually nothing to the month's revenue total. The May figure represents the first time monthly mining revenue exceeded $1 billion since January.
![Monthly bitcoin mining revenue chart from newhedge.io.]()
Hashprice Dropped 17.82% to $30.77 Per PH/s
The daily revenue generated by 1 PH/s was $37.44 just 30 days ago, whereas the current figure stands at roughly $30.77, according to data from hashrateindex.com. Bitcoin's intraday low of $65,362 on Tuesday has placed significant strain on profitability. The hashrate has dropped from the 1,000 EH/s range to below 975 EH/s. Outside of the current period, April, and much of the stretch between Feb. 18 and late March, hashprice maintained noticeably stronger levels.
![Bitcoin network stats from hashrateindex.com at 8 p.m. ET on June 2, 2026.]()
Network Difficulty Estimated to Decrease 7.5% Around June 13
Blocks were being produced at an average pace of 10 minutes and 49 seconds at 8 p.m. ET on Tuesday. Current estimates point to a potential 7.5% decrease in network difficulty if the current pace holds through roughly June 13. The reduction in computational power has pushed block intervals beyond the network's 10-minute target.
Transaction Fees Contributed 1.16% of Block Reward
Over the past 24 hours, average fee revenue represented roughly 1.16% of the overall block reward. Transaction fees had accounted for less than 0.6% of the total block reward for an extended period before the recent increase.
FAQ
What revenue did Bitcoin miners generate in May?
Bitcoin miners generated $1.086 billion in revenue during May, with $1.079 billion derived from the 3.125 BTC block subsidy, according to newhedge.io stats. This marked the first billion-dollar month since January.
Why did hashprice drop 17.82% over 30 days?
Hashprice dropped from $37.44 to $30.77 per PH/s over 30 days as Bitcoin traded near $66,000, placing strain on miner profitability, according to hashrateindex.com data. The hashrate fell from the 1,000 EH/s range to below 975 EH/s during this period.
When is the network difficulty expected to decrease?
Current estimates point to a potential 7.5% decrease in network difficulty around June 13 if the current block production pace of 10 minutes and 49 seconds holds, according to data from hashrateindex.com at 8 p.m. ET on June 2.
