Hashrate Index Roundup (November 10, 2025)

Hello world, happy Monday!

TLDR

A mixed bag for this week's update: Bitcoin is down, hashrate is flat, difficulty is stable, fees are up; hashprice is flat.

Over the past week, miners collected a total of ~3,175 BTC in block rewards, equivalent to ~$327 million. Transaction fees constituted 0.80% of block rewards totalling 25 BTC, equivalent to ~$2.6 million.

Bitcoin

Bitcoin trended down throughout the past week, decreasing by 2.2% from ~107,871 to a current price of ~$105,488. Year-to-date (YTD) performance stands at +12.9%.

Hashprice

USD hashprice came out flat overall, decreasing by 0.4% from $43.27 per PH/s/Day to a current $43.11 per PH/s/Day.

BTC hashprice came out flat as well, increasing by 0.5% from 0.00040578 BTC per PH/s/Day to 0.00040795 BTC per PH/s/Day.

Hashrate & Difficulty

Network hashrate decreased by 5.7%, with the 7-day simple moving average (SMA) moving from 1,120 EH/s to 1,056 EH/s. The 30-day SMA currently stands at 1,113 EH/s.

The latest difficulty adjustment took place on October 29, increasing network difficulty by 6.31% to 155.97T.

Blocks were found at an average time of around 10 minutes 18 seconds over the past 24 hours.

We currently estimate a decrease of ~2.95% for the upcoming adjustment, expected to occur on November 12.

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Transaction Fees

Over the past week, miners collected an average of 0.0250 BTC (per block per day) in transaction fees, compared to the prior week's 0.0193 BTC, a ~29% increase.

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $42.61 or 0.00041 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were down throughout the past week, reflecting a -11.9% change on our Bitcoin Mining Stock Index.

5-day changes to Bitcoin mining stocks as of last week's market close:

• BTDR: $21.99 (-9.5%) | Mkt Cap: $4.66B
• BITF: $3.66 (-13.3%) | Mkt Cap: $2.07B
• CIFR: $20.69 (-9.8%) | Mkt Cap: $8.17B
• CLSK: $15.57 (-17.4%) | Mkt Cap: $4.38B
• CORZ: $20.19 (-11.6%) | Mkt Cap: $6.26B
• HIVE: $4.70 (-13.4%) | Mkt Cap: $1.11B
• HUT: $44.59 (-17.4%) | Mkt Cap: $4.74B
• IREN: $62.38 (-14.6%) | Mkt Cap: $16.97B
• MARA: $15.87 (-14.7%) | Mkt Cap: $6.00B
• RIOT: $17.01 (-18.6%) | Mkt Cap: $6.32B
• WULF: $13.94 (-13.9%) | Mkt Cap: $6.72B
• FUFU: $3.19 (-8.3%) | Mkt Cap: $0.52B
• CAN: $1.19 (-14.4%) | Mkt Cap: $0.81B
• GREE: $1.51 (-18.8%) | Mkt Cap: $0.02B
• SLNH: $2.61 (-27.9%) | Mkt Cap: $0.21B

Have a great week, and Happy Hashing!

Footnotes

1. As of November 10, 2025 UTC 21:00. Values are subject to change.
2. Luxor estimates the adjustment date using average block times and blocks remaining in the epoch. Values are subject to change.
3. Luxor estimates the difficulty adjustment using average block times. Values are subject to change.