The golden coin crumbles like dust in their hands. Bitcoin’s price plummets over 20% this month, and the hashprice-once a glimmer of hope-now lies in the gutter, trampled by the boots of winter. November, that old hag, tightens her grip on miners’ throats as revenue retreats to a realm not seen since the last ice age.
November Turns Nasty for Bitcoin Miners
Bitcoin miners now dream of salvation, clutching at the faintest glimmer of hope as their machines churn like weary horses. The revenue charts? A slap in the face, wrapped in a velvet lie. BTC’s price dive has shoved hashprice into the abyss, where even the rats have fled.
Hashprice: a cruel mistress who measures your worth in petahashes and pennies. It’s the price you pay to play in the sandbox of the blockchain gods. Whether you count in terahashes or exahashes, the math adds up to tears.
At the time of writing, hashrateindex.com whispers that a petahash now fetches a paltry $35.33. An exahash? A measly $35,330-enough to buy a loaf of bread in 2025, or a single hope for tomorrow.
On Nov. 21, hashprice sank to $34.21-a number so low it makes miners weep into their coffee. Back when Bitcoin was a toddler, struggling to stand, this would’ve been a party. Now? It’s a funeral march. Fees, that tiny 0.77% of block rewards, are the last gasp of a dying star.
If prices stay buried, miners might soon join the ghosts of 2023. Newhedge.io’s data reveals a grim tale: $953 million in revenue this month, $946 million of it from subsidies. Eight days left to salvage dignity, or another chapter in the annals of “How Not to Mine Bitcoin.”
FAQ ❓
- What is hashprice? It’s the price miners pay to dream, measured in petahashes and sleepless nights.
- Why is mining revenue dropping? Bitcoin’s price slide has turned hashprice into a ghost story, haunting miners worldwide.
- How low are miner earnings now? Hashprice recently hit $34 per PH/s-so low, even the moon would charge rent here.
- Why does November look so rough? Revenue limps forward like a drunkard, fees barely lifting a finger. This month? A masterclass in despair.
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2025-11-23 00:24