Miners Face a Profit Crunch With Bitcoin Prices Down and Hashprice Reaching Record Lows

With bitcoin down more than 20% this month — marking its harshest monthly showing since 2022 — the network’s hashprice has slipped to levels miners haven’t seen in years. With a little over a week left in November, mining revenue appears headed for territory not witnessed since last year. November Turns Nasty for Bitcoin Miners