- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Hash price at five-year low pressures minersโ profitability.
- Contributes to potential miner shakeout and sector consolidation.
Bitcoinโs hash price hit a five-year low of $38.2/PH/s, leading to reduced miner profit margins. Despite this drop, the network hash rate remains near a record 1.1 ZH/s, highlighting intense competition and potential sell pressure from less efficient miners.
Bitcoinโs hash price, the revenue per petahash per second (PH/s) for miners, has dropped to a five-year low as of November 2025. This event heavily affects major mining pools like Foundry USA in the U.S.
Despite the lower hash price, competition among miners remains intense, with the network hash rate hovering near record levels of 1.1 zettahash per second. This situation highlights minersโ profitability challenges amid high investment in infrastructure.
Major entities like Marathon Digital Holdings and Riot Platforms have been affected, with profit margins squeezed due to the lower hash price. No substantial CEO statements have surfaced addressing the drop.
The immediate impact on Bitcoin (BTC) is notable as miner profitability declines, raising the possibility of increased sell pressure. Competitors with efficient hardware may thrive, while others could face capitulation.
The hash price is at a five-year low, but the network hash rate is still near all-time highs. โ Data Provider, Luxor [2]
Historical patterns suggest that similar hash price declines often follow Bitcoin halving events or spikes in network difficulty. This current trend is not expected to affect Ethereum or DeFi protocols.
Potential impacts include a reconfiguration of the mining sector, with challenges for smaller players. While Bitcoinโs security remains steadfast, the financial implications could spur consolidation within the industry, offering opportunities for technologically advanced firms.
About the author
Bitcoin Hash Price Hits Five-Year Low Amid High Competition
Bitcoin mining hash price reaches a five-year low, impacting miner profits despite high network hash rate competition.
Bitfury Announces $1 Billion Investment in Future Technologies
Bitfury invests $1 billion focusing on AI, quantum computing, and decentralized systems.
Frost & Sullivan China Releases 2025 Blockchain Mining Report
Frost & Sullivan China has published the white paper '2025 Global Blockchain Mining Machine Industry' offering insights into the blockchain mining hardware market.
BingX Introduces Shards Rewards with $100K USDT Offer
BingX launches a $100,000 USDT Shards rewards program, aiming to boost user engagement despite lacking official leadership confirmation.
Amber Group Transfers 5.3M STRK Tokens to Binance
Amber Group transferred 5.3 million STRK tokens, valued at $971,000, to Binance on November 18, 2025, showcasing strategic market positioning.
Ripple Price Declines to $2.15 Amid Market Volatility
Ripple (XRP) dips to $2.15, facing risks; ETF rollouts fail to stabilize price.
Related
Bitfury Announces $1 Billion Investment in Future Technologies
Bitfury invests $1 billion focusing on AI, quantum computing, and decentralized systems.
Frost & Sullivan China Releases 2025 Blockchain Mining Report
Frost & Sullivan China has published the white paper '2025 Global Blockchain Mining Machine Industry' offering insights into the blockchain mining hardware market.
BingX Introduces Shards Rewards with $100K USDT Offer
BingX launches a $100,000 USDT Shards rewards program, aiming to boost user engagement despite lacking official leadership confirmation.
Amber Group Transfers 5.3M STRK Tokens to Binance
Amber Group transferred 5.3 million STRK tokens, valued at $971,000, to Binance on November 18, 2025, showcasing strategic market positioning.
Ripple Price Declines to $2.15 Amid Market Volatility
Ripple (XRP) dips to $2.15, facing risks; ETF rollouts fail to stabilize price.
XRP and Solana Spot ETFs Attract Major Inflows
A notable influx of funds into XRP and Solana spot ETFs occurred on November 17, 2025, with significant institutional interest noted.
