Bitcoin Miners Face Profit Squeeze as Hashprice Plunges 17.5%
One way to estimate mining profitability is by looking at the Bitcoin hashprice, which is the predicted daily revenue per unit of computational power. One typical unit of measurement is dollars or satoshis per terahash or petahash per day. On October 1, 2026, the daily revenue per petahash per second (PH/s) of mining power was $40.24, according to the statistics. However, by November 1, that number had slumped to $33.18. As a result of the Binance breach and the ensuing market turmoil, bitcoin values plummeted 17.54%.
The network’s overall processing power is 1082.24 exahash per second, and average block durations are around 9 minutes and 52 seconds, even if income has declined. While the overall decline in the Bitcoin market has not yet severely affected mining operations, the ever-shrinking profit margins may put miners’ financial fortitude to the test in due time. Regardless of all these obstacles, and even though the price of bitcoin dropped 7.3% in October, miners still managed to have their most profitable month since November 2025.
According to data compiled monthly by newhedge.io, miners made a total of $1.215 billion from October 1st throughout the previous 12 months. Miners logged around $1.20 billion in December 2025, following a total of $1.26 billion in November 2025. While security breaches at cryptocurrency exchanges might cause a stir in the market, reduce liquidity, and erode investor trust, they have no effect on Bitcoin’s predetermined schedule for issuing blocks.
On the other hand, there is a clear cyclical pattern to mining economics: as hashprice drops, inefficient machinery is driven out of operation, financial strain is eased by successive difficulty changes, and the remaining miners gain a larger proportion of the block rewards. The ability of the bitcoin mining sector to withstand future market shocks is less important than the level of financial stress that operators can sustain before their business models collapse. October was a profitable month for bitcoin miners, but November could be a whole other story.
