Bitcoin miners’ daily revenue per unit of computing power falls 8.7%

Bitcoin miners face weak dollar revenue even as the mining forward market priced in little additional competition through December, according to an October 30 analysis by mining data platform Hashrate Index. That could give miners a respite after difficulty’s 16.4% rebound.Hashprice, the expected daily mining revenue for a unit of computing power, stood at $32.86 per petahash per second per day on November 2 at 18:00 UTC. That was down 8.7% from $35.99 a week earlier, according to the latest completed weekly snapshot.Hashrate Index, Luxor’s mining data and research platform, put implied network computing power at 1,056 exahashes per second in November and 1,059 in December in its October 30 analysis. Both were near the approximately 1,062 EH/s average over the mining epoch that ended October 29.Those are forward-implied levels, rather than observed future hashrate or scheduled difficulty changes. The linked September methodology assumes transaction fees of about 0.02 BTC per block when translating contract prices into implied network growth. Different fee outcomes can therefore change that interpretation.The curve’s flattening followed a rise in difficulty from 127.45 trillion befo...