Bitcoin hashprice serves as a metric for mining profitability, quantifying the estimated daily revenue produced per unit of computational power. This is generally expressed in U.S. dollars or satoshis per terahash or petahash per day. On Oct. 1, 2026, each petahash per second (PH/s) of mining power generated an estimated $40.24 in daily revenue; however, that figure has since decreased to $33.18 as of Nov. 1, based on data from hashrateindex.com. The 17.54% decline is closely associated with the Binance hack and the ensuing market turmoil that adversely affected bitcoin prices.
Despite the decline in revenue, the network’s total computational power is recorded at 1082.24 exahash per second, with average block times approximating 9 minutes and 52 seconds. The broader cryptocurrency market downturn has yet to significantly impede mining operations; however, increasingly compressed profit margins could eventually test miners’ financial resilience. Despite facing these challenges and a 7.3% drop in bitcoin’s price in October, miners achieved their most profitable month since November 2025. Monthly mining revenue records from newhedge.io indicate that miners collectively generated $1.215 billion during the period from Oct. 1 to Oct. 31 over the past 12 months.
November 2025 recorded a total of $1.26 billion, while the subsequent month, December 2025, saw miners logging approximately $1.20 billion. The reality is that failures in crypto exchange security primarily disrupt market sentiment, diminish liquidity, and undermine investor confidence; however, they do not alter Bitcoin’s established block issuance schedule in any way. Mining economics, meanwhile, adhere to a discernible cyclical pattern: declining hashprice drives inefficient machinery out of operation, subsequent difficulty adjustments ease financial strain, and the remaining miners capture a greater share of block rewards.
The more pressing issue regarding bitcoin mining is not the industry’s capacity to endure another market shock, but rather the extent of financial strain that operators can endure before their business models become unsustainable. October proved financially rewarding for bitcoin miners; however, November may present a markedly different narrative.
