As February Ends, Bitcoin Miners’ Revenues Drop by Over $190 Million
According to the latest data, Bitcoin’s hash rate has dropped below 800 exahashes per second (EH/s), which is accompanied by a 30-day low in mining revenue, commonly known as hash price. As of Friday, the hash price was hovering just below $50 per petahash per second (PH/s), marking a significant decline in miners’ profits.
Bitcoin Miners Under Pressure
Bitcoin fell below the $80,000 mark on Thursday, putting a lot of pressure on miners as their earnings were hit hard. Now, while Bitcoin (BTC) has climbed back above $83,000, the hash rate — or the estimated value of 1 PH/s — has seen a slight recovery but is still at its lowest level since January 28.
Bitcoin Mining Revenue Continues to Plunge in February
Bitcoin’s hash rate from hashrateindex.com shows that on Thursday, the hash rate dropped to just $45.41 per petahash, and by 3:30 p.m. ET on Friday, it had inched up to $48.65 per petahash. Just 30 days ago, the hash rate was $60.19 per PH/s, showing the challenges BTC miners have faced in recent times. Bitcoin’s hashrate also peaked in February, rising to 852 EH/s on February 7, 2025.
Currently, at 799 EH/s, the network has lost more than 50 EH/s of computing power, indicating a significant decrease in processing capacity. This drop coincided with a 3.15% decrease in Bitcoin’s difficulty, which occurred on February 23 at block height 885,024. The network’s current difficulty is 110.57 trillion, and the next adjustment is scheduled for March 9.
February Ends with Declining Revenue
While the figures are not yet official, as February is not yet fully over, it is clear that Bitcoin miners are generating less revenue than in January. According to data from theblock.co, miners generated $1.4 billion from subsidies and transaction fees last month, but this month the figure has only reached about $1.21 billion, with just hours left until February ends.