With bitcoin down greater than 20% this month — marking its harshest month-to-month displaying since 2022 — the community’s hashprice has slipped to ranges miners haven’t seen in years. With a little bit over per week left in November, mining income seems headed for territory not witnessed since final yr.
November Turns Nasty for Bitcoin Miners
Bitcoin miners are probably daydreaming a couple of turnaround proper now, as a result of the income charts are portray an image that’s… lower than flattering. The steep drop in BTC’s worth has shoved hashprice into the hazard zone.
So, what precisely is hashprice? Consider it because the payout a miner earns for every unit of hashing energy they throw into the community. It may be tallied in terahash, petahash, exahash — take your choose.
On the time of writing, hashrateindex.com reveals the community’s hashprice in petahash per second (PH/s) sits at $35.33 per PH/s. One other approach to put it: a miner cranking out an exahash per second (EH/s) — the identical as 1,000 PH/s — is raking in about $35,330.
Bitcoin hashprice on Nov. 22, 2025.
The hashprice slid to $34.21 on Nov. 21, marking the leanest payout miners have seen in additional than 5 years, again when bitcoin wasn’t fetching something near at the moment’s worth tags. The story hasn’t modified — miners are feeling the rapid sting of BTC’s worth motion, and costs nonetheless make up simply 0.77% of every block reward.
Learn extra: Bitcoin Worth Watch: Each day Downtrend Tightens Its Grip on Worth Motion
If costs keep pinned down, bitcoin miners might be looking at their weakest month-to-month haul since final yr. To this point, newhedge.io information reveals miners have pulled in $953 million from each charges and the block reward — and round $946 million of that got here from the subsidy alone.
With eight days nonetheless left in November, the month is shaping as much as be the yr’s roughest displaying. Bitcoin miners are grinding by means of a tough stretch, and the information isn’t precisely providing consolation. If momentum returns, miners might shift from survival mode to get a little bit respiratory room — however till then, it’s trying fairly unhealthy.
FAQ ❓
- What’s hashprice? It’s the quantity miners earn for every unit of hashing energy they contribute to the bitcoin community.
- Why is mining income dropping? Bitcoin’s worth slide has pushed hashprice to multi-year lows, shrinking miner payouts worldwide.
- How low are miner earnings now? Hashprice just lately dipped close to $34 per PH/s, the weakest stage miners have seen in additional than 5 years.
- Why does November look so tough? With income lagging and costs barely contributing, the month is pacing to be the hardest for miners since final yr.
