{"id":15103,"date":"2025-11-03T22:45:03","date_gmt":"2025-11-03T22:45:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-mining-hashrate-hits-record-in-october-profits-lag\/"},"modified":"2025-11-03T22:45:12","modified_gmt":"2025-11-03T22:45:12","slug":"bitcoin-mining-hashrate-hits-record-in-october-profits-lag","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-mining-hashrate-hits-record-in-october-profits-lag\/","title":{"rendered":"Bitcoin mining hashrate hits record in October, profits lag"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners\u2019 profits. <\/p>\n<div id=\"cn-block-summary-block_11f0a36d21d9e606f571310c318c4b7b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin mining hashrate reached a record 1.13 Zh\/s in October. <\/li>\n<li>Geographically, this expansion was driven by Kazakhstan and the Middle East<\/li>\n<li>Still, mining profitability fell 7% due to increasing block difficulty<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin miners found themselves under pressure from all sides in October. The sector posted a record 1.13 Zh\/s hashrate in October, which indicates increased participation in Bitcoin mining. Still, increased mining difficulty, rising energy prices, and record $19B in liquidations cut into miners\u2019 profits. <\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Bitcoin hashrate since its launch | Source: CoinWarz<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOctober was a remarkable month for the Bitcoin mining market,\u201d analysts at TeraHash told crypto.news, highlighting that the hashrate briefly crossed 1.13 Zh\/s. \u201cThis growth was largely driven by North American infrastructure expansions and growing participation from Kazakhstan and the Middle East.\u201d <\/p>\n<\/blockquote>\n<p>Hashrate refers to the amount of computational power that participates in Bitcoin mining. This is crucial for decentralization and security, as a high hashrate makes attacks against the network more difficult. However, the metric does not automatically translate into more mining profits. <\/p>\n<p>Notably, daily revenue per exahash per second (EH\/s) dropped 7% compared to September, from $52,000 to $48,000. What is more, the declining Bitcoin price cut into miners\u2019 rewards, with the hashprice falling nearly 12% month-to-date. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bitcoin miners struggle to stay afloat<\/h2>\n<p>Falling Bitcoin prices also coincided with a rise in energy costs. The increase in oil and gas prices affected miners not tied to the electrical grid. In some regions, especially in Europe and the U.S., miners also had to deal with power curtailment. For this reason, the hashrate will likely fall in the near future.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLooking ahead, a brief slowdown in hashrate growth appears likely in November, mainly due to higher energy costs and weather-related constraints. The next difficulty adjustment is expected to bring a minor decline, offering temporary relief to smaller miners,\u201d Terahash analysts. <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners\u2019 profits. Summary Bitcoin mining hashrate reached a record 1.13 Zh\/s in October. Geographically, this expansion&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15103"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15103\/revisions"}],"predecessor-version":[{"id":15104,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15103\/revisions\/15104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7816"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}