Bitcoin Hashrate Cools After Record as Difficulty Bites

Key Points

1. Bitcoin's hashrate peaked at 976 EH/s four days ago but has since dropped to approximately 900 EH/s.

2. The decline coincides with a 1.42% difficulty increase at block height 909216.

3. Estimated revenue per PH/s has increased by 2.55%, from $57.30 to $58.76, though it remains 4.72% below the July 14 peak of $61.67.

4. Block intervals are currently slower than the 10-minute target due to the lower hashrate.

5. An estimated 9.64% reduction in mining difficulty is projected for the next retarget on Aug. 24, 2025.