The eighth season of the series Show Me the Money, known as Show Me the Money 8 (also referred to as SMTM8), premiered on July 26, 2019 and ended on September 27, 2019. It is broadcast every Friday at 23:00 (KST) on Mnet.

Unlike the previous seasons, this season will consist of two crews: 40 Crew which consisted of judges Swings, Mad Clown, Kid Milli, & Boycold, and BGM-v Crew which consisted of Verbal Jint, Giriboy, BewhY & Millic.

The winner for this season was Punchnello of BGM-v Crew, and will receive ₩200,000,000 and a 2019 Chevrolet Blazer.

Judges 40 Crew Swings: Founder and rapper of Just Music and its sub-labels Indigo Music and WEDAPLUGG Records. Previously participated in season 2 as a contestant under Team D.O, and in seasons 3 and 7 as a judge/producer alongside San E under Team Brand New Music and Giriboy under Team Just Music, respectively. Mad Clown: Rapper who was formerly signed under Starship Entertainment. Previously participated as a contestant in season 2, in season 7 under his alter-ego Mommy Son, and as a judge in season 5. Kid Milli: Rapper who is currently signed to Just Music's sub-label Indigo Music. Member of WYBH and COZYBOYS crews. Previously participated as a contestant in season 4, and in season 7 where he won 2nd runner-up. BOYCOLD: Music producer who is a member of YELOWS MOB crew.

BGM-v Crew Verbal Jint: Rapper under Brand New Music. Previously participated in season 1 as a contestant and in season 4 as a judge/producer for Team Brand New Music. Giriboy: Rapper, songwriter and record producer signed under Just Music and WEDAPLUGG Records. Previously participated in season 3 as a contestant under Team YDG and a judge/producer in season 7 with Team Just Music. Member of WYBH crew. BewhY: Rapper and producer who participated in season 4 and became the show's champion in season 5. Part of $EXYSTREET crew. Currently signed under his own label Dejavu Group. millic: DJ and producer, member of crews FANXYCHILD and Club Eskimo. Formerly signed under YG Entertainment's defunct sub-label HIGHGRND.

Crews During the Crew Choosing Round, contestants chose which crew they would be joining. As of the Crew Song Mission Round, the remaining contestants will serve as the official and final members of their respective crews.

40 Crew Final Members Yunhway: Signed under Just Music's sub-label WEDAPLUGG records. Member of duo sAewoo in YUNHWAY with labelmate and producer sAewoo. Prior to signing to WEDAPLUGG Records, she was a model when she lived in the United States. EK: Member of MostBadassAsian (MBA) crew under Stoneship. Previously participated in season 7 as a member of Team VMC. Auditioned in SBS K-Pop Star. Bully: Also known as Bully Da Ba$tard. Ex-member of DICKIDS crew. Currently signed with Fame Records. Previously auditioned for season 6 but was disqualified after posting on social media that he passed that season's preliminary round before that season started its broadcast, and in season 7. He also was a contestant on the first and second season of High School Rapper having 40 Crew producer Swings as one of his mentors, under his real name Yoon Byeong-ho. BRYN: Member of now disbanded DICKIDS crew with fellow contestant Young B. Previously participated in season 5, 6 and 7. Currently signed to Underbar Records. Donutman: Member of Clarity crew. Previously participated in season 5 in which he was notably eliminated after Team Mad Clown-Gill judge/producer Mad Clown gave the mic to fellow team member #GUN instead of him during the First Live Performance Round, and specially performed in season 7 where he performed with Mad Clown's alter-ego Mommy Son at that season's final episode. YunB: Signed under Hi-Lite Records. Previously participated in season 7 as a member of Team Just Music. Olltii: Member of freestyle rap crew Angdreville (ADV) Crew. Current host of the YouTube freestyle rap show 7INDAYS and former MC host for the fourth season of MICSWAGGER. Previously participated in season 3 as a member of Team YG and in season 6 as a member of Team CoDean. Kim Seung-min: Member of WYBH crew with fellow contestant CHOILB, Team BGM-v judge/producer Giriboy and Team 40 Crew judge/producer Kid Milli. He is also an artist signed to Beautiful Noise label along with Team 40 Crew judge Mad Clown's alter-ego Mommy Son. Previously participated in season 7. He was eliminated in the 1-on-1 Crew Battle Round, but was later revived by the 40 Crew producers. Lil tachi: Signed under Just Music's sub-label WEDAPLUGG records with fellow 40 Crew member YUNHWAY. Previously participated in season 7 and in the 3rd season of High School Rapper, where he was also known by his real name Kang Hyun-joon. He was eliminated in the 1-on-1 Crew Battle Round, but was later revived by the 40 Crew producers. TAKUWA: Member of ΔZΠΟ2 crew. Eliminated Owen Ovadoz: Rapper and member of the crew/record company MKIT RAIN. Previously participated in seasons 3, 4 and 7. Eliminated after the Producer Crew Battle. A-Chess: Member of SP1B crew. Participated in all the previous seasons but only advanced further the Rapper Evaluation round in season 7. Eliminated before the Producer Crew Battle. Young Blood X: Independent rapper. Eliminated before the Producer Crew Battle. Mushvenom: Independent rapper. Also known by his nickname TRICKER. Previously participated in seasons 2 and 6. Eliminated before the Producer Crew Battle. Yuja: Member of Wallo Kids crew (). Showed an impressive performance during the One Minute Rap round but was eliminated in the Group Challenge Round after forgetting her lyrics. She was later revived with the Crew Pass used by the 40 Crew. Eliminated in the Revival Round. Yung Sog Wave: Independent rapper. Eliminated in the Revival Round. Cox Billy: Masked contestant who later revealed himself to be J'Kyun during the 1-on-1 Round. Signed under GRVV lab and former member of Lucky J. Previously participated in season 2 as a member of D.O. crew and in season 5. Eliminated in the 1-on-1 Crew Battle. Sway D: Signed under Hi-Lite Records. Previously participated in season 6 and 7. Eliminated in the 1-on-1 Crew Battle. Boo Hyun-seok: Member of FRIEMILLI crew. Previously participated in season 3 as a member Team Brand New Music and in season 7. Also known by his rapper name SNAP OUT. Eliminated in the 1-on-1 Crew Battle. Slick O'Domar: Member of OSAMARI crew. Previously participated in season 7. Eliminated in the 1-on-1 Crew Battle. Loxx Punkman: Independent rapper who won Angdreville (ADV) Crew's Street Rap Sh#t (SRS) competition in 2017. Eliminated in the 1-on-1 Crew Battle. KOR KASH: Currently signed with Stone Music Entertainment and Warner Music Korea. Previously participated in season 6 under his real name So Hyun-seung in which he gained popularity after his match-up with BGM-v crew's contestant Woodie Gochild, and in season 7. Eliminated in the 1-on-1 Crew Battle, after losing again to Woodie Gochild. O'Day O$A: Member of 49CREW. Eliminated in the 1-on-1 Crew Battle. Layone: Former Independent rapper who later signed with OUTLIVE Records after his elimination from the show. Previously participated in season 6. Gained recognition this season after his Group Battle Round performance with Zizo and livur. Eliminated in the 1-on-1 Crew Battle. DOGGYNOM: Member of DICKIDS crew with fellow contestants BRYN and Young B. Eliminated in the 1-on-1 Crew Battle. Leebido: Signed under Layback Records. Eliminated in the 1-on-1 Crew Battle. Siggie Feb: Member of NMNB crew. Eliminated in the 1-on-1 Crew Battle.

BGM-v Crew Final Members Punchnello: Currently signed with AOMG. Member of Club Eskimo crew with Team BGM-v producer/judge millic. Formerly signed under YG Entertainment's defunct sub-label HIGHGRND. Previously participated in season 6 in which he had to drop out after the 1-on-1 rounds to take care of his sick mother. He was shockingly eliminated in the 1-on-1 Crew Battle Round, but was later revived by the BGM-v Crew producers. Dbo: Korean-Canadian rapper and member of FPL crew. Previously participated in season 3 under his real name Shim Hyun-bo, where YDG was notably the only judge that passed him in the One Minute Rap round, and in season 7. CHOILB: Member of WYBH crew. Previously participated in season 7. Seo Dong-hyeon: Also known by his rapper name BIG Naughty. He was eliminated in the Group Challenge Round, but was later revived with the Crew Pass used by the BGM-v Crew. On October 6, 2019 it was announced that he had signed with H1GHR MUSIC. Mckdaddy: Member of Vagabonds Tribe. Previously participated in season 7. Young B: Currently signed to Indigo Music, member of DICKIDS crew. Won the first season of High School Rapper, and participated in seasons 4 and 5, and in season 6 as a member of Team CODEAN. Also known by his real name Yang Hong-won and his other rapper name Borntong. Zene the Zilla: Member of Young Thugs Club with fellow contestant Woodie Gochild. Signed under Illionaire Records' sub-label Ambition Muzik. Previously participated in season 7. Woodie Gochild: Currently signed with AOMG's sub-label H1GHR MUSIC. Previously participated in season 6 with Team H1GHR Music. JJANGYOU: Member of ILLAP crew and rap trio WAVISABIROOM. Chillin Homie: Member of Naughty4Life (NFL) crew. Previously participated in season 7. After he was eliminated, he signed with GROOVL1N. Kingchi Mane: Member of QZQY crew. He was eliminated in the 1-on-1 Crew Battle Round, but was later revived by the BGM-v Crew producers. He was officially eliminated on episode 6. (see controversies section) Eliminated M1NU: 17 year old rapper currently signed under FRANK MUSIK. Eliminated before the Producer Crew Battle. Mac9: Signed under FT Music Group. Eliminated before the Producer Crew Battle. EPTEND: Member of Naughty 4 Life (NFL) crew with fellow contestant Chillin Homie and project team "6road" with fellow contestant Indego Kid. Signed under GOONTRAX. Eliminated before the Producer Crew Battle. Ahn Byung-woong: Independent rapper. Eliminated before the Producer Crew Battle. YANU: Rookie rapper. Eliminated before the Producer Crew Battle. OVDL: Member of Puff Odd crew. Eliminated before the Producer Crew Battle. Untell: Independent rapper. Previously participated in High School Rapper season 3, where he was also known by his real name Oh Dong-hwan. Eliminated in the Revival Round. Veiniyfl: Member of A$IAN CLUB crew. Eliminated in the Revival Round. unnofficialboyy: Rapper and ex-leader of Dickids crew and member of XXYXNAF crew. Signed under FAME Records. Previously participated in season 5 and 7, and the first season of High School Rapper. Also known by his rap names LUDA, TRAPSTARSUREEN, and Baddie Homie, and through his real name Lee Su-rin. Eliminated in the 1-on-1 Crew Battle. Heo Sung-hyun: Also known by his rapper name ROSE DE PENNY. Member of Chord_184 crew. Eliminated in the 1-on-1 Crew Battle. Bla$e Kid: Member of HIVE and Rooftop crews. Signed under Luminant Entertainment. Eliminated in the 1-on-1 Crew Battle. HunnyHunna: Member of Juicy Wave crew. Eliminated in the 1-on-1 Crew Battle. Naughty Mae: Independent rapper. Eliminated in the 1-on-1 Crew Battle. LO VOLF: Rookie rapper signed under Warner Music Korea. Eliminated in the 1-on-1 Crew Battle. X: Independent rapper. Eliminated in the 1-on-1 Crew Battle. Poy Muzeum: Member of Space Comma Crew. Previously participated in seasons 6 and 7. Eliminated in the 1-on-1 Crew Battle.

Rounds Prior to Round One, about 16,000 contestants sent in their audition clips to the production crew and each clip will be viewed by the production crew. About 2,000 contestants were selected to participate in Round One.

Round One: Rapper Selection Round