Bitcoin Miners Earn $1.215 Billion in October, Reaching 11-Month High

In October, Bitcoin miners' total revenue reached $1.215 billion, marking the highest monthly income since November 2025. Despite a 7.3% drop in Bitcoin prices during the month, miner revenues remained strong. From October 1 to 31, miner income was closely linked to fluctuations in hash rate pricing, which fell from $40.24 per PH/s per day on October 1 to $33.18 per PH/s per day on November 1, a decrease of 17.54%. Currently, the total hash rate of the Bitcoin network is 1082.24 EH/s, with an average block time of about 9 minutes and 52 seconds. Analysts point out that although the sluggish market has not significantly impacted mining operations, the ongoing compression of profit margins may test miners' financial resilience.

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