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Bitcoin miners have fallen for four consecutive months: Computing Power declines, profits shrink, and mining companies' market capitalization evaporates by billions.

OnChainDetective

2025-12-01 17:20:17

Abstract generation in progress

The days of miners in the coin world are not so good.

According to the latest tracking data from a Wall Street investment bank, Bitcoin mining has been on a downward trend for four consecutive months in November—the gross profit that can be extracted daily from block rewards has directly evaporated by 26% compared to last month.

The overall network has also seen a slight decline in computing power, with the average value sliding to 1074 EH/s (a drop of 1%). Converted into actual earnings, now for every 1 EH/s of computing power invested, miners can only take home 41400 dollars, which is a 14% decrease compared to October.

Looking at the capital market: the total market value of the 14 U.S. listed mining companies that were targeted dropped from 59 billion to 49 billion, a decline of 16%. However, there are exceptions—Cipher Mining rose 9% against the trend, while Bitdeer suffered a disastrous 40% plunge.

BTC4.96%

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FarmToRiches

· 3h ago

Miners really can't hold on anymore, 26% gone in a month, how painful this must be. Bitdeer has seen a 40% slump... Is anyone buying the dip or are we continuing to rug pull? April has been a continuous fall, it feels like we still have to dip further, is it time for coin hoarding? The drop in computing power is the key, as it indicates miners are voting with their feet. Why is Cipher Mining still rising? What internal news could this be? With a market capitalization of 49 billion, it's crazy to think how wild it was this time last year... Revenue has shrunk by 14%, and this mining rig's electricity costs are almost unmanageable, no wonder some are cutting losses. It truly feels like we're watching a sector get squeezed to death.

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CryptoCross-TalkClub

· 21h ago

Laughing to death, the miner's experience over the past four months can be summed up in one word — "tragic". I would call it the "mining version of a soap opera", with each episode being a new low. Computing power has declined, and profits have evaporated. This is not mining; this is helping the Bitcoin network with charity. Bitdeer has experienced a 40% slump; I can't even describe this kind of fall. 14 mining companies have lost 10 billion in market capitalization; are the mining bosses now counting how many kidneys they have left to sell? That 9% rise from Cipher Mining is mocking other companies, saying, "I'm not going to lie flat with you all." This operation can be called "perfect"; computing power is falling, profits are falling, and market capitalization is also falling, creating a new height of decline. Fren in mining, hang in there; the next bull run will make this money easy to earn.

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TokenTherapist

· 21h ago

26% gross profit evaporated? The miners have really been hammered this time. --- No wonder there are voices everywhere in the crypto world urging to buy the dip, as the market capitalization of mining companies is plummeting. --- Is Cipher Mining still in green? How did this guy manage to do it, does he have a secret? --- Bitdeer directly saw a 50% Slump, this must be exhausting. --- With daily profits shrinking so much, it might be better to just go for some interest-generating products. --- Four months of continuous decline, it seems miners really can't look at this business in the long term anymore. --- 41,400 dollars for one EH/s, those who got on board at this cost must be feeling sick. --- Cutting off 10 billion from the market capitalization is quite brutal, it feels like the entire zone is not doing well. --- A 1% drop in Computing Power doesn't sound like much, but if the coin price doesn't rise, it's all negative.

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GlueGuy

· 21h ago

Miners are really suffering, four months of continuous falls, how hard must this be? Bitdeer directly faced a 50% Slump, who can withstand this? Why does it feel like Mining is becoming more and more difficult, the coin price isn't rising and relying solely on Computing Power can't save it at all? Computing Power is falling, profits are evaporating, market capitalization is halved, is this the current state of mining? However, Cipher Mining can still rise 9%, how did this guy manage to do that? Forget it, let's wait and see, getting on board as a miner now is just being a dumb buyer.

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airdrop_whisperer

· 21h ago

Miners have really been slapped in the face this round, with four consecutive months of falls, who can stand that? With BTC prices not being strong, mining profits have evaporated directly, no wonder those mining companies' market capitalization has been halved as well. The 40% drop of Bitdeer is outrageous, and it's outrageous that Cipher Mining can still rise. It feels like we have to wait for a bull run to save the day again. Mining as a business is currently losing quite a bit, no wonder everyone is hoarding coins waiting for a rebound.

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GateUser-5854de8b

· 21h ago

Miners are really suffering, with profits evaporating by 26% over four months of continuous decline. How difficult it must be. Bitdeer has slumped by 40%... Oh my, someone is going to go bankrupt, right? What happened to the promised high profits of Bitcoin mining? Now we can barely recover costs. Computing power is falling, returns are shrinking, and market capitalization has evaporated by tens of billions. This market trend is truly suffocating. Only Cipher is rising against the trend; is it luck or strength, everyone? If this continues, Mining Rigs will have to be sold as scrap metal.

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