The hashprice fell to $41.6 per PH/s/day, its lowest level in seven months.
The decline in the price of BTC cuts miners’ profits.
The price of bitcoin (BTC) fell below $102,000, representing a drop of more than 17% in the last 30 days.
In turn, that correction dragged the most sensitive metric for miners, the hashprice, which plummeted to reach among the lowest values of all of 2025.
The hashprice is the indicator that evaluates how much money do bitcoin miners generate for each hash unit contributed to the network during one day.
In other words, it reflects the daily profitability of mining power, taking into account the price of bitcoin, network difficulty, and block rewards.
If the price of bitcoin falls, the hashprice plummets
A drop in the price of BTC directly reduces profits that miners earn for their work, even if network power remains stable or grows.
For this reason, hashprice is considered the most important metric to measure the economic health of mining.
At the end of September, CriptoNoticias had already reported a significant decline: the hashprice had dropped to $50 per PH/s/day (pettahashes per second per day), which implied a drop of 9% in less than a week at that time.
Since then, the bearish trend has deepened. As of November 4, the Bitcoin hashprice sank to $41.6 per PH/s/day, marking a decline of 16.8% compared to the level registered in September.
Furthermore, if compared to the maximum peak of the year, reached on July 11 with 64 dollars per PH/s/day, the decrease is equivalent to 35%.
Thus, the current hashprice values return mining profitability to ranges similar to those observed at the beginning of Aprilwhen the metric was around $40 per PH/s/day.
In practical terms, this drop means that Mining operators earn considerably less today for the same amount of energy and computing power. At the same time, fixed costs, such as electricity and maintenance, remain stable or even increase, compounding the economic impact.
The scenario leaves a good part of the sector under pressure, especially miners with less efficient equipment or with high electricity rates.
The recovery of the hashprice will depend, to a large extent, on a sustained recovery in the price of bitcoin or a decrease in mining competition, factors that historically mark the balance of the ecosystem.