Bitcoin Miners Scream as Earnings Sink: 27% Loss in Five Months

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Crypto investors may be licking their wounds this week, but let’s not forget the poor souls at the helm of Bitcoin mining – their earnings are dropping faster than an overconfident stockbroker on a bad day. The latest hit? Earnings per petahash have plummeted to a five-month low, and trust me, it’s not a milestone anyone is putting on their calendar for a celebration.

Bitcoin Miners in a Never-Ending Struggle

Let’s face it – since July 11, bitcoin miners have been watching their profits dwindle away like snow melting on a spring morning.

Hashprice stats from hashrateindex.com reveal the cold, hard truth. The expected daily value for 1 petahash per second (PH/s) of hashing power has dropped from $63.92 to a pitiful $46.92 per PH/s. That’s a whopping 26.58% drop in revenue – and, no, this didn’t just sneak up on us overnight.

Three-month Bitcoin hashprice via hashrateindex.com.

The downturn has been dragging on for weeks, eating away at miners’ profits like a slow leak in a boat that refuses to get fixed. Even when BTC was living the high life at $126,272 on Oct. 6, hashprice at $52.77 still couldn’t get its act together – a 17.45% drop from July’s better days. And just when you thought it couldn’t get worse, BTC miners took another gut punch – over a 9% drop since Monday.

Let’s be honest here: Bitcoin isn’t doing anyone any favors right now – miners are probably sacrificing every spare moment to the ‘Hash Gods,’ praying for a rebound. What’s their hope? The upcoming difficulty adjustment on Oct. 16. Despite hashrate cruising at over 1,000 exahashes per second (EH/s), block intervals are crawling like a turtle with arthritis.

As it stands, block times are running 37 seconds slower than the usual 10-minute pace. Estimates point to a possible 5.84% difficulty drop on Oct. 16, which might finally give miners some much-needed air. But, right now, the difficulty is sitting at an all-time high of 150.84 trillion – the heaviest burden miners have ever had to bear.

In short, Bitcoin miners are slogging through one of their roughest stretches in five months – caught between record-breaking difficulty and vanishing rewards. Unless the next adjustment eases their pain or prices rise, it’s going to be a long, bumpy ride ahead for these weary miners.

💡 FAQ

  • Why are bitcoin miners earning less right now?
    Mining revenues have plunged by 27% over five months due to falling hashprice and record-high network difficulty.
  • What is Bitcoin’s current mining difficulty?
    Bitcoin’s mining difficulty is at an all-time high of 150.84 trillion.
  • When is the next Bitcoin difficulty adjustment?
    The next difficulty adjustment is expected on Oct. 16, with a projected 5.84% reduction. Of course, difficulty estimates might change over the next 500 blocks.
  • How is Bitcoin’s hashrate performing?
    Bitcoin’s hashrate remains strong above 1,000 exahashes per second (EH/s), despite those sluggish block intervals.

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2025-10-12 17:58