With bitcoin falling greater than 20% this month, marking its most extreme month-to-month efficiency since 2022, 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 look like heading into territory not seen since final 12 months.
November turns disagreeable for Bitcoin miners
Bitcoin miners are most likely daydreaming a few turnaround proper now, as a result of the income charts are portray an image that’s… unflattering. The sharp drop in BTC worth has pushed the hash worth into the hazard zone.
So what precisely is hash worth? Consider it because the fee a miner earns for every unit of hash energy they throw into the community. Will be counted in terahash, petahash, exahash – take your decide.
On the time of writing, hashrateindex.com reveals that the community’s hash worth in petahash per second (PH/s) is $35.33 per PH/s. One other option to put it: a miner producing one exahash per second (EH/s), the identical as 1,000 PH/s, is gathering round $35,330.
Bitcoin hash worth on November 22, 2025.
The hash worth fell to $34.21 on Nov. 21, marking the bottom payout miners have seen in additional than 5 years, when bitcoin was not fetching something near present costs. The story hasn’t modified: miners are feeling the quick impression of BTC’s worth motion, and costs nonetheless make up simply 0.77% of every block reward.
Learn extra: Bitcoin Worth Watch: Every day Downtrend Tightens Your Grip on Worth Motion
If costs stay low, bitcoin miners may very well be their weakest month-to-month haul since final 12 months. Up to now, knowledge from newhedge.io reveals that miners have earned $953 million from each charges and the block reward, and about $946 million of that got here from subsidy alone.
With eight days left till November, the month is shaping as much as be the worst results of the 12 months. Bitcoin miners are going by a tough patch and the information would not precisely provide consolation. If momentum returns, the miners might exit of survival mode to provide themselves some respiration room, however till then, issues are trying fairly unhealthy.
Ceaselessly requested questions ❓
- What’s hash worth? It’s the quantity miners earn for every unit of hash energy they contribute to the bitcoin community.
- Why are mining revenues falling? The Bitcoin worth crash has pushed the hash worth to multi-year lows, decreasing payouts for miners all over the world.
- How low are miners’ earnings now? Hashprice lately fell close to $34 per PH/s, the weakest degree miners have seen in over 5 years.
- Why does November appear so robust? With lagging revenues and costs barely contributing, the month seems to be to be the hardest for miners since final 12 months.
