Miners Took In $1.215B in October as Hashprice Fell 17.54%

Bitcoin miners collected $1.215 billion across October, the most any month has paid them since November 2025. The same month cut what each unit of their machinery earns. Hashprice, the daily revenue one petahash per second of computing power brings in, opened October at $40.24 and stood at $33.18 on 1 November, down 17.54%. Two difficulty increases inside the month account for most of that. Aggregate pay and per-unit pay moved in opposite directions over the same 31 days.

What the monthly total counts

The $1.215 billion covers block subsidies and transaction fees from 1 to 31 October, read off a monthly miner-revenue series kept by newhedge. Bitcoin.com News published it on Sunday at 5:30 pm EST and TokenPost carried the same reading ten minutes later. Cointribune followed on Monday morning with the identical figure and credited Bitcoin.com News for it. None of the three describes opening the series at its source.

"Highest since November 2025" is a narrow claim. That month paid $1.26 billion, which October did not beat. December 2025 came in at about $1.20 billion, which October did beat, by something under 2%. Eleven months sit between the two and nothing in between went higher.

One figure that does not reconcile

An aggregator carrying the same report put $121.5 million in its headline and $1.215 billion in its body, a tenfold gap on one page. Its summary line compared October with "$120 million" for December 2025 while the body said $1.26 billion for November, so the page disagrees with itself twice. Three separate reads of the newhedge series give the larger number. We could not establish which figure that page meant to publish, and both are printed here unresolved.

Per-unit pay went the other way

Hashprice is where the squeeze shows. HashrateIndex puts the 1 November level at $33.18; a separate estimate the same day had $33.00, and the 18-cent gap is attributed to differing methodologies rather than to a revision. CryptoSlate, reading Startmining's figure on 30 October, had it near $33 and called that the lowest since August, against a September average around $40. Difficulty did the work. It rose 5.92% on 16 October, when the network reclaimed one zettahash, then 5.54% on 29 October to 148.36 trillion, the retarget this desk previewed at about 6% with 76 blocks left to mine. CryptoSlate's arithmetic puts the two together at roughly a 10.5% cut in expected earnings for hashpower that did not change.

Where the break-even sits

At six cents a kilowatt-hour, that same account runs the economics two ways, and only CryptoSlate published them. A machine at 25 joules per terahash burns about $36 of power for every petahash-day against $33.35 gross, a shortfall of $3.32 before anything else is paid. A 20 J/TH machine burns $28.80 and clears $3.88. Break-even electricity for the older unit works out near 5.45 cents. Those figures are illustrative, they stand on one account, and they hold only if fees stay where they were.

Hashpower kept arriving anyway. Network hashrate stood at 1,082.24 EH/s at the start of November, with blocks averaging 9 minutes 52 seconds, and Real Vision's Jamie Coutts read the run since 17 July as a 21% gain over 102 days. More machines against an unchanged subsidy is what pushes difficulty up again. The next retarget decides whether October's aggregate follows its unit pay down.