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Bitcoin Miners Earn $1.215 Billion in October, Highest in 11 Months
Bitcoin miners generated $1.215 billion in revenue in October, the highest level in 11 months, even as Bitcoin's price fell 7.3%. On November 1, estimated daily revenue per unit of computing power, called hash price, was $33.18 per PH/s, down from $40.24 on October 1.
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What happened
Bitcoin miners generated $1.215 billion in revenue in October, the highest level in 11 months, even as Bitcoin’s price fell 7.3%. On November 1, estimated daily revenue per unit of computing power, called hash price, was $33.18 per PH/s, down from $40.24 on October 1.
Confirmed
Global impact / market context
Higher total revenue can support miners’ ability to pay electricity bills, equipment costs, and borrowed money, but the falling hash price points to less revenue for each unit of computing power. That can squeeze operators whose costs do not fall as quickly as income.
Analyst inference
The article presents a mixed picture for Bitcoin mining: October revenue reached an 11-month high despite a monthly price decline, while hash price fell 17.54%. The network’s hashrate was 1,082.24 EH/s, and average block time was about 9 minutes and 52 seconds.
Confirmed
What to watch
- Compare future miner revenue with hash price: rising total revenue alongside falling income per unit of computing power could leave less profitable operators under pressure. Analyst inference
- Watch Bitcoin’s price and mining hash price together; a further decline in either could reduce miners’ income and their cash available for operating costs. Analyst inference
- The article reports November 2025 miner revenue of $1.26 billion; compare it with October’s $1.215 billion to see whether the reported revenue increase continued. Confirmed
Affected assets
- BTC — Bitcoin