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Bitcoin miners earned $1.215B in October despite 17.5% drop in unit profitability amid rising network power.

Market News
02 Nov 2026, 09:05 WIB
Cointribune
View Source
Bearish
Bitcoin miners earned $1.215B in October despite 17.5% drop in unit profitability amid rising network power.

Bitcoin miners generated $1.215 billion in revenue in October, marking their best monthly result since November 2025. However, the profitability per unit of computing power (hashprice) fell by 17.54% due to increased network hashrate exceeding 1,080 EH/s, intensifying competition. This means while total revenue rose, individual miners face tougher conditions, especially those with higher costs or older equipment. November could see weaker miners exit if bitcoin prices decline further, potentially leading to a network difficulty adjustment and reshaping the mining landscape.

Bitcoin mining revenue is the subject, with Pluang market data providing context. For readers following major cryptocurrencies on Pluang as of Nov 02, 2026 13:41 WIB: out of 50 priced assets, 10 rose and 38 fell today. Notable movers include AAVE at Rp2.411.517 (-4.93%, 72% Sell / 28% Buy), AVAX at Rp155.486 (-4.73%, 30% Sell / 70% Buy), and BAT at Rp2.424 (-4.05%, 73% Sell / 27% Buy).

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