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UNIBitcoin miners' October revenue hits $1.22bn as hashprice falls 17.54%
Bitcoin.com News reports miners earned their most in a month since November 2025 in October, even as daily revenue per petahash dropped from $40.24 to $33.18 after the Binance hack.
Why it matters: The figures show miners booking strong October revenue while profitability per unit of computing power fell sharply after the Binance hack, a squeeze that could test operators' finances.
Key points
- Miners generated $1.22bn between 1 Oct and 31 Oct, the highest monthly total since November 2025's $1.26bn.
- Hashprice fell 17.54%, from $40.24 per PH/s per day on 1 Oct 2026 to $33.18 on 1 Nov, per hashrateindex.com.
- Network computing power stood at 1082.24 EH/s, with average block times of about 9 minutes 52 seconds.
Bitcoin mining revenue reached its highest monthly level since November 2025 in October, even as the hashprice fell sharply, Bitcoin.com News reports. Miners brought in $1.22bn over the month, according to newhedge.io records covering the past 12 months.
The hashprice, which estimates daily revenue per unit of computing power, dropped 17.54% in 30 days. It stood at $40.24 per petahash per second on 1 Oct 2026 and $33.18 by 1 Nov, according to hashrateindex.com. The outlet links the slide to the $6.3bn Binance hack on 29 Oct and the market turmoil that followed, with Bitcoin falling 7.3% in October.
October revenue peaks
Network computing power was 1082.24 exahash per second, with average block times of about 9 minutes 52 seconds. November 2025's revenue was $1.26bn, followed by roughly $1.20bn in December 2025.
The article notes that exchange security failures hit sentiment, liquidity and confidence but leave Bitcoin's block issuance schedule unchanged. It says weaker hashprice tends to push inefficient machines offline, after which difficulty adjustments ease pressure and surviving miners take a larger share of block rewards.
Live updates on NewsFeeds:MiningBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
Not investment advice. Read the risk disclaimer.