Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability
2025-07-05 15:49:57
Main Idea
Bitcoin's hashrate has increased by 88 EH/s since June 24, with miners seeing an 11.62% rise in profitability, driven by price recovery and network difficulty adjustments.
Key Points
1. Bitcoin's computational power rose from 810 EH/s to 898 EH/s in 11 days after a low on June 24.
2. Miners' profitability increased by 11.62% compared to a month ago, with 1 PH/s now earning around $58.43.
3. The rebound followed summer cutbacks by U.S.-based miners, a price bump, and a 7.48% network difficulty adjustment.
4. Blocks are being mined faster than the 10-minute average, currently at about 9 minutes and 19 seconds.
5. The next difficulty adjustment on July 12, 2025, could further impact mining profitability and hashrate dynamics.
Description
Bitcoin’s hashrate has picked up speed, adding 88 exahash per second (EH/s) over the past 11 days after falling to 810 EH/s on June 24. Meanwhile, miners are enjoying an 11.62% increase in profitability compared to a month ago. From Slump to Sprint: Bitcoin Hashrate Rockets Back, Profits Surge Since bottoming out on June 24,
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