On Tuesday, bitcoin’s spot value slipped greater than 5% in opposition to the U.S. greenback, wiping out greater than $7,000 in worth because the day’s first commerce. The drop hit miners proper within the hashpower—revenues tanked to ranges they haven’t seen since April 8, 2025, leaving many rigs buzzing simply to remain alive.
Bitcoin’s Falling Hashprice Places Squeeze on Mining Margins
As of two:30 p.m. Jap time, bitcoin has been on a wild trip, swinging between $100,175 and $107,302 per coin whereas sliding 5% in opposition to the dollar. On some exchanges, like Bitstamp, bitcoin dipped under the $100K mark.
Information from hashrateindex.com reveals bitcoin’s hashprice — the going fee for a single petahash per second (PH/s) of SHA256 hashrate — now sits at $40.85. Simply eight days in the past, it was a more healthy $49.61 per PH/s, a 17.66% distinction that miners are positively feeling.
Bitcoin’s hashprice on Nov. 4, 2025, in keeping with hashrateindex.com.
It’s hardly a dream week for bitcoin miners watching worth soften away, however this stoop has been brewing since July. Again on July 11 — 116 days in the past — the hashprice clocked in at $63.92 per PH/s. Quick ahead to Nov. 4, 2025, and miners are pocketing 36.09% much less for a similar hashpower. Even with hashprice slipping, bitcoin’s community remains to be flexing some severe muscle—cranking out over a zettahash, or greater than 1,000 exahash per second (EH/s).
At press time, roughly 1,111.99 EH/s are securing the chain, preserving issues buzzing alongside. Block intervals stay close to the 10-minute candy spot, and for now, problem projections for Nov. 12 recommend barely a blip of change. If costs preserve dipping whereas problem stays excessive, miners may very well be staring down a profitability crunch — particularly these working older rigs or paying steep power charges.
The mixture of decrease hashprice and unrelenting hashrate may power smaller operations to close off machines, consolidating energy amongst industrial-scale farms. On the flip aspect, a rebound in bitcoin’s value or a problem adjustment easing the pressure may flip the tide. Cheaper power, extra environment friendly {hardware}, or renewed market optimism may assist miners breathe once more — however for now, it’s a ready recreation in a high-voltage enterprise.
