Bitcoin Mining Revenue Surges to 11-Month High Amidst Price Decline
Bitcoin miners achieved their highest monthly revenue since November 2025 in October, despite a significant drop in hashprice.
Bitcoin miners achieved their highest monthly revenue since November 2025 in October, despite a significant drop in hashprice. Bitcoin (BTC) is trading at $78,277.00, up 0.6% since this brief published. This is an original TLT brief based on reporting by Bitcoin.com, with live market data added, as of Mon, 02 Nov 2026 00:00:05 UTC.
This development highlights the resilience of Bitcoin mining operations even during market downturns, showcasing the sector's ability to maintain profitability despite challenges like the recent Binance hack and declining prices.
- Bitcoin miners earned their highest monthly revenue in 11 months in October.
- Hashprice has fallen 17.54% in the past 30 days, impacting profitability.
- Bitcoin's hashrate remains strong at 1063 EH/s.
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- Bitcoin Mining Revenue Surges to 11-Month High Amidst Price Decline — this brief
Despite the recent turmoil in the crypto market, including the $6.3 billion Binance hack and the subsequent decline in 
Bitcoin prices, miners have managed to achieve their highest monthly revenue since November 2025. This achievement underscores the resilience of the mining sector, which continues to generate substantial income even amidst market volatility.
However, the recent downturn in Bitcoin's price has not been without consequences. The hashprice, a crucial metric for mining profitability, has fallen by 17.54% in the past 30 days. This decline suggests that while revenue is high, the profitability of mining operations may be under pressure.
The Bitcoin network's hashrate, a measure of the total computational power dedicated to mining, currently stands at 1063 EH/s, according to mempool.space. This figure indicates a strong and active mining community, despite the challenges posed by the current market conditions.
In the broader market context, the total crypto market cap is at $2.68 trillion, with Bitcoin's price showing a slight 24-hour increase of 0.45%, currently trading at $77,798. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Fear' territory at 34, reflecting the cautious outlook of investors.
The resilience of mining revenue in the face of market challenges is a positive sign for the sector. However, the decline in hashprice warrants attention, as it could impact the long-term profitability of mining operations. Investors and stakeholders should monitor these trends closely in the coming weeks.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $77,798.00 to $78,277.00 — +0.62%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in November?
Crowd-implied probability on Polymarket, $149.80K 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 1 23:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦107.90M (about $78,277.00), up 1.0% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitcoin Mining Revenue Surges to 11-Month High Amidst Price — questions & answers
What is the current Bitcoin network hashrate?
The Bitcoin network hashrate is 1063 EH/s, according to mempool.space.
How much did Bitcoin mining revenue increase in October?
Bitcoin miners achieved their highest monthly revenue since November 2025 in October.
What is the current hashprice decline?
The hashprice has fallen by 17.54% in the past 30 days.
How much is 1 Bitcoin worth in naira today?
About ₦107.90M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $78,277.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.62% since this brief first published — trading at $78,277.00 now versus $77,798.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.