Bitcoin has fallen greater than 20% this month, marking its worst month-to-month studying since 2022, and the community’s hash worth has fallen to ranges miners have not seen in years. With simply over per week left in November, mining revenues seem like heading into territory not seen since final 12 months.
November is troubling for Bitcoin miners
Bitcoin miners are possible dreaming of a turnaround proper now, because the income graph paints a…less-than-flattering image. The plummeting worth of BTC has pushed HashPrice into harmful waters.
So what precisely is hash worth? Consider it as a fee that miners get for every unit of hashing energy they put into the community. It may be calculated utilizing TeraHash, Petahash, and Exahash. Please select in line with your choice.
As of this writing, the community hash worth in petahash per second (PH/s) is $35.33 per PH/s, in line with hashrateindex.com. To place it one other method, a miner working 1 Equahash (EH/s), which is equal to 1,000 PH/s, would earn roughly $35,330.
Bitcoin hash worth on November 22, 2025.
The hash worth fell to $34.21 on November twenty first, marking the bottom payout for miners in additional than 5 years, at a time when Bitcoin wasn’t buying and selling anyplace close to its price ticket right this moment. The story hasn’t modified. Miners are feeling the speedy ache of BTC worth volatility, with charges nonetheless accounting for simply 0.77% of every block reward.
learn extra: Bitcoin Worth Monitoring: Day by day Downtrend Will increase Affect on Worth Traits
If costs stay mounted, Bitcoin miners could possibly be observing their lowest month-to-month revenue since final 12 months. Up to now, in line with information from newhedge.io, miners have collected $953 million in each charges and block rewards, with about $946 million of that coming from subsidies alone.
There are nonetheless eight days left in November, and situations are shaping as much as be the hardest of the 12 months. Bitcoin miners are going via robust occasions, and the info would not essentially carry reassurance. As soon as momentum returns, miners could shift out of survival mode to get some respiration room, however till then, issues look fairly unhealthy.
Often requested questions ❓
- What’s Hash Worth? That is the sum of money miners earn for every unit of hash energy they contribute to the Bitcoin community.
- Why is mining revenue lowering? The autumn within the worth of Bitcoin has pushed hash costs to multi-year lows, inflicting miners around the globe to pay much less.
- How low are miners’ incomes presently? Hashprice has not too long ago fallen to almost $34 per PH/sec. That is the bottom stage miners have seen in additional than 5 years.
- Why is November so tough? That is shaping as much as be the hardest month for miners since final 12 months, with income sluggish and costs contributing little.
