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Bitcoin
8 hours agoNews Editor

Bitcoin miners brought in $1.215 billion in October, the highest level in 11 months

Bitcoin miners generated $1.215 billion in revenue in October, marking the strongest monthly total since November 2025. The figure came even as Bitcoin’s price fell 7.3% during the month, leaving miner revenue still slightly above the roughly $1.2 billion recorded in December 2025. Data cited by Bitcoin.com News also showed that hashprice, a metric used to estimate daily income per unit of computing power, declined over the period. As of Nov. 1, hashprice stood at $33.18 per PH/s per day, down 17.54% from $40.24 on Oct. 1. At the same time, the Bitcoin network’s total hashrate was 1082.24 EH/s, while average block time was about 9 minutes and 52 seconds. For comparison, miner revenue in November 2025 was reported at $1.26 billion. The update points to a month in which miner income rose to an 11-month high despite weaker Bitcoin pricing and lower hashprice.

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Bitcoin miners brought in $1.215 billion in October, the highest level in 11 months
Bitcoin mining
18 days agoNews Editor

Bitcoin mining math tightens as daily revenue for a 270 TH/s rig sits near $10.5 and power costs decide profitability

Bitcoin miners are working with far thinner margins than the spot price alone suggests. Data cited from Luxor’s Hashrate Index puts current Hashprice at $39.05 per PH/s per day, which translates into roughly $10.54 in daily gross revenue for a 270 TH/s machine. Using the example of Bitmain’s Antminer S21 XP, the article walks through the full calculation: 3,645 W of power draw means 87.48 kWh of daily electricity use, and after a 2% pool fee, the machine’s break-even power price is about $0.118 per kWh. At $0.12 power, the implied shutdown price for Bitcoin rises to about $82,900, above the market price cited in the piece. The report also places single-machine economics next to public miner financials. CoinShares said listed miners’ weighted average cash cost in the second quarter of 2026 was about $75,500 per BTC, while full-cost figures were far higher for companies including Riot Platforms, CleanSpark, IREN, and MARA Holdings. The article argues that mining economics are now shaped less by headline BTC price moves and more by the interaction of network hashrate, difficulty, machine efficiency, electricity contracts, and capital costs. It also notes that some miners are redirecting capacity toward AI workloads, where CoinShares estimated annual revenue per megawatt at roughly $1.5 million versus about $500,000 for mining.

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Bitcoin mining math tightens as daily revenue for a 270 TH/s rig sits near $10.5 and power costs decide profitability
Bitcoin
3 months agoNews Editor

Bitcoin hashprice climbs 20.41% in four days, lifting miner revenue to $38.29 per PH/s

Bitcoin hashprice rose 20.41% over the four days from Aug. 18 to Aug. 22, increasing from $31.80 per PH/s to $38.29 per PH/s, according to a report cited by Odaily. Hashprice is used to measure mining revenue generated by a given amount of computational power, and the move translated into higher miner income. As of Aug. 22, the Bitcoin network had 133 large, medium-sized, and small mining pools and individual mining operations contributing hashrate. Foundry USA led with 214.73 EH/s, followed by Antpool at 156.17 EH/s, F2pool at 110.62 EH/s, and ViaBTC at 91.02 EH/s. Total network hashrate had climbed to about 922 EH/s, close to 1 ZH/s. So far in August, miners have earned $682.69 million from block subsidies and transaction fees combined. Of that total, transaction fee revenue accounted for $5.14 million, below July’s $875 million. On Aug. 22, the average Bitcoin block interval stood at 10 minutes and 5 seconds, while current data showed the day’s difficulty adjustment was expected to decline by about 1%. At an electricity cost of $0.10 per kilowatt-hour, Bitmain’s Antminer S23 Hydro 3U was estimated to generate $17.86 in daily profit.

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Bitcoin hashprice climbs 20.41% in four days, lifting miner revenue to $38.29 per PH/s