Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin Mining Profitability Fell
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Bitcoin Mining Profitability Fell
Bitcoin Mining Profitability Fell for Fourth Consecutive Month in November: JPMorgan
Bitcoin Mining Profitability Fell for Fourth Consecutive Month in November: JPMorgan
The average network hashrate fell 1% last month after hitting record highs in October.
By Will Canny|Edited by Jamie Crawley
Dec 1, 2025, 4:45 p.m.
Bitcoin mining profitability fell for fourth consecutive month in November: JPMorgan. (Shutterstock, modified by CoinDesk)
What to know:
- Bitcoin mining profitability fell in November, according to JPMorgan.
- The network hashrate declined 1% to an average of 1,074 EH/s last month.
- The combined market cap of the 14 U.S.-listed miners that the bank tracks fell 16% in Nov. to $59 billion.
Bitcoin BTC$85,204.78 mining profitability declined for the fourth month in a row in November, according to a Monday report by JPMorgan (JPM).
Daily block reward gross profit also slumped 26% from the month previous, analysts Reginald Smith and Charles Pearce wrote.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The Bitcoin network hashrate dropped 1% to an average of 1,074 exahashes per second (EH/s) in November, the report said, after hitting a record high in October.
"Bitcoin miners earned an average of $41,400 per EH/s in daily block reward revenue in November, down 14% from October and 20% y/y," the analysts wrote.
The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.
The combined market cap of the fourteen U.S.-led miners that the bank tracks fell 16% month-on-month to $59 billion.
Cipher Mining (CIFR) outperformed the group with a 9% gain, supported by its recent Fluidstack deal.
Bitdeer (BTDR) underperformed with a 40% decline, the report added.
Read more: Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates
Bitcoin MiningCipher MiningJPMorgan
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility
Sharp 24-hour decline sends Internet Computer into fresh multi-day lows, with a high-volume support breach defining the session
What to know:
- ICP fell from $3.98 to $3.69, extending a multi-day decline.
- Volume spikes reached nearly 3x the 24-hour average during the breakdown.
- Price stabilized between $3.55–$3.65 before a modest late-session rebound.
Read full story
Latest Crypto News
ICP Slides as Breakdown Below $4.00 Triggers Elevated Volatility
BONK Slides 9% as Technical Breakdown Overshadows Swiss ETP Debut
Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K
European Authorities Seize $1.51B Bitcoin-Mixing Service Cryptomixer
Canada Eyes Stablecoin Rules as Scotiabank Flags Limited Market Impact
Tom Lee's BitMine Acquires 97K ETH, Eyeing Fusaka Upgrade, Fed Policy as Positive Catalysts
Top Stories
Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K
Strategy Establishes $1.44B Cash Reserve, Slashes 2025 Profit, BTC Yield Targets
European Authorities Seize $1.51B Bitcoin-Mixing Service Cryptomixer
Tom Lee's BitMine Acquires 97K ETH, Eyeing Fusaka Upgrade, Fed Policy as Positive Catalysts
Crypto Markets Today: Hawkish BOJ Comments Spur Sharp BTC Downturn
HashKey Leads Hong Kong’s Crypto Market as Losses Deepen Ahead of IPO
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
How ZKP’s Daily Presale Auction Is Creating a New Standard for 1,000x Returns
The post How ZKP’s Daily Presale Auction Is Creating a New Standard for 1,000x Returns appeared on BitcoinEthereumNews.com. Disclaimer: This article is a sponsored
Share
BitcoinEthereumNews2026/01/16 09:02
Lighter drops 14% after losing $2 support – More pain ahead for LIT?
The post Lighter drops 14% after losing $2 support – More pain ahead for LIT? appeared on BitcoinEthereumNews.com. Since it touched a high of $4.5, Lighter has
Share
BitcoinEthereumNews2026/01/16 08:46
Whales Make Big Moves in $ASTER, Investing $10.87M
The post Whales Make Big Moves in $ASTER, Investing $10.87M appeared first on Coinpedia Fintech News Three major whales have scooped up a total of 14.36 million $ASTER tokens, investing $10.87 million in recent hours. Notably, wallet 0x04EA withdrew 7.04 million $ASTER ($4.66M), while 0xe1Da took out 5.1 million $ASTER ($4.1M). Meanwhile, 0x841D swapped in 2.22 million $APX, then withdrew 2.22 million $ASTER ($2.11M). This intense whale accumulation is fueling speculation …
Share
CoinPedia2025/09/20 14:11