Hashrate Index Roundup (November 2, 2026)

Hello world, happy Monday!

TLDR

This week: Bitcoin down (-3.5%), hashprice down (-8.7%), hashrate down (-2.7%), difficulty up (+5.5%), fees up (+17.4%).

Over the past week, miners collected a total of ~3,268 BTC in block rewards, equivalent to ~$258 million. Transaction fees totalled 18 BTC (~$1.42M), 0.55% of block rewards.

Bitcoin

Bitcoin moved by -3.5% from ~$79,510 to a current price of ~$76,752. Year-to-date (YTD) performance stands at -12.2%.

Hashprice

USD hashprice moved -8.7% from $35.99 per PH/s/Day to a current $32.86 per PH/s/Day.

BTC hashprice moved -5.1% from 0.00044922 BTC per PH/s/Day to 0.00042635 BTC per PH/s/Day.

Based on fleetwide efficiency, bitcoin mining operations are currently earning the following SHA-256 compute revenues per watt-hour:

• Under 14 J/TH fleets — $116 per MWh
• 14-19 J/TH fleets — $84 per MWh
• 19-25 J/TH — $63 per MWh
• 25-38 J/TH — $43 per MWh

Hashrate & Difficulty

Network hashrate changed by -2.7%, with the 7-day simple moving average (SMA) moving from 1,091 EH/s to 1,062 EH/s. The 30-day SMA currently stands at 1,054 EH/s.

The latest difficulty adjustment took place on October 29, 2026, changing network difficulty by +5.5% to 148.36T.

Block times have averaged around 10m 17s over the past 24 hours.

We currently estimate* -2.8% for the upcoming adjustment, expected to occur on November 13, 2026.

*This estimate will change given that we are so early into a difficulty epoch. Early on, difficulty predictions are shaky because of short-term variance. As time (or blocks) pass, the noise fades and the signal sharpens.

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Transaction Fees

Over the past week, miners collected an average of 0.0183 BTC per block per day in transaction fees, +17.4% compared to the prior week's 0.0156 BTC.

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $33.04  or 0.00043 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stocks fell this week: 17 of 18 declined, with a median move of -11.0%. Best: SLNH (+11.5%); worst: BTDR (-15.1%).

Week-over-week changes to Bitcoin mining stocks:

Have a great week, and Happy Hashing!

Footnotes

1. As of November 2, 2026 UTC 18:00. 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.

Luxor estimates the difficulty adjustment using average block times. Values are subject to change.