Bitcoin miners are facing their toughest month in over a year, with daily revenues slipping to just $34 million in June, according to the latest data from CryptoQuant.
This marks the lowest payout level since April 2024, as falling transaction fees and recent price declines squeeze profitability across the mining sector.
Fees Dry Up, Revenues Plunge
The CryptoQuant chart shows that miner revenue has steadily declined throughout June, with a sharp drop-off in daily earnings. The combined effect of a decline in network fees and Bitcoin’s price pulling back from recent highs has led to a painful reduction in miner margins.
“Bitcoin miners just saw their worst payday in a year,” CryptoQuant noted, calling the drop a major stress point for the sector.
Miner P&L Hits Most Undervalued Since July 2024
The firm’s Miner Profit/Loss Sustainability model also indicates that miners are currently more underpaid than at any time since July 2024. This means that, relative to the network’s difficulty and BTC’s current market value, the rewards earned are failing to cover operational expectations—raising concerns about capitulation risk for smaller or leveraged mining operations.
What It Means for the Market
Historically, sharp miner underpayment often precedes market turning points. While some see miner strain as a potential buy signal—suggesting suppressed supply inflows—persistent low revenues could also lead to hashrate declines or equipment sell-offs, potentially impacting network stability.
With Bitcoin trading in the $100K–$105K range and fee activity subdued, miners may need a renewed price rally or transaction surge to restore healthy earnings.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-miners-see-lowest-daily-revenue-in-over-a-year/