Bitcoin miners trudged via November, with information exhibiting it was the fourth least worthwhile month of 2025. Mining swimming pools processed round 453 blocks from begin to end, gathering a complete of $1.262 billion in income, a complete that provides to each the subsidy and costs collected alongside the best way.
Miners Face Steep Bitcoin Spot Market Drop
Sadly for miners, income in November fell about 20.9% beneath October after income fell from $1.595 billion to $1.262 billion, based on figures recorded by newhedge.io. In reality, November generated the bottom features since April and ranked because the fourth weakest month of 2025.
Probably the most tough stretch of the 12 months nonetheless corresponds to April with 1.18 billion {dollars}, adopted by March with 1.22 billion {dollars}, February with 1.23 billion {dollars} after which November’s whole. Of the $1.262 billion raised through the 30-day span, solely about $9 million got here from chain charges. That implies that charges contribute on common about 0.71% of the overall block rewards.
The highest three mining swimming pools, Foundry, Antpool, and F2Pool, raised roughly $368.3 million, $239.9 million, and $139.5 million, respectively. Over the 30 days, Foundry recorded round 29.14% of the overall hashrate, whereas Antpool’s compute share was round 18.98% and F2Pool’s contribution was round 11.04%. ViaBTC adopted proper behind them, contributing 10.38% of the general hashrate.
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What’s not nice is that BTC costs fell massively once more on November thirtieth and continued the decline till December 1st. The hash value by way of hashrateindex.com – or the estimated worth of 1 petahash per second (PH/s) of hashing energy – was already at severe lows, and with bitcoin at $85,879 as of 9am EST on Monday, a single petahash is now price simply $36.39. The drop within the worth of the US greenback on Bitcoin performed a significant function in November’s income drop in comparison with October and is a giant a part of the strain miners are feeling proper now.
Regardless of the tough state of affairs, miners are forging forward and having to adapt to tighter margins and a gradual hash value whereas ready for a friendlier market to return. With revenues compressed, charges decreased and bitcoin buying and selling weaker in early December, the sector is relying solely on the perfect in effectivity, scale and endurance – the one instruments left when the community refuses to present anybody a break.
Steadily requested questions ❓
- How a lot revenue did bitcoin miners make in November? They raised round $1.262 billion, making it the fourth least worthwhile month of 2025.
- Why did miners’ revenue drop in comparison with October? Decrease bitcoin costs and weaker hash value circumstances fueled the November drop.
- Which swimming pools obtained probably the most mining revenue? Foundry, Antpool, and F2Pool led the month with the very best collective payouts.
- How did tariffs have an effect on miners’ revenue? On-chain charges accounted for under about 0.71% of November’s whole rewards.
