The expected daily revenue for Bitcoin miners per petahash per second fell 8.7%, declining from $35.99 to $32.86 between October 26 and November 2. The decrease followed a 16.4% increase in mining difficulty, which reached 148.36 trillion on October 29. Hashrate Index’s forward curve anticipated limited network growth through December, with implied computing power of 1,056 exahashes per second in November and 1,059 in December. Forward sales can stabilize dollar revenue for quantities and periods covered by contracts, but they do not protect miners against declines in Bitcoin’s price or changes in fees. Operating profitability ultimately depends on electricity costs, machine uptime and contract performance.
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