Bitcoin hashrate spins 88 eh/s as miners compete for profitability

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Bitcoin’s hashrate increased speed, dropping to 810 EH/s on June 24th, then added 88 seconds (EH/S) over the last 11 days. Meanwhile, miners enjoy an 11.62% increase in profitability compared to a month ago.

From slump to sprint: Bitcoin hashrate rocketback, rapid increase in profits

Since bottoming out on June 24th, Bitcoin’s calculation power has jumped from 810 EH/s to 898 EH/s. The rebound followed summer cuts by US-based miners, price increases, and a 7.48% network difficulty adjustment made six days ago.

Source: HashrateIndex.com

Network Hashpris – SHA256 Hash Power’s estimated revenue from Petahash per second per second has been up 11.62% from June 5th. As of July 5th, one pethash pulled in about $58.43 and flirted on July 3rd at $60 per PH/s mark.

The block arrives faster than the usual 10 minute average, with current intervals closed at around 9 minutes and 19 seconds. This rate may increase the next difficulty adjustment registered on July 12, 2025. The final figures remain uncertain, but the estimates show a potential rise of 7.3%.

Anything above the 7.48% increase will completely wipe out the final downward adjustment. For now, the network is cruising at 116.96 trillion difficulty. The latest boosts in both hashrate and hashprice quickly suggest the mining sector on its feet and adapt properly to changing conditions.

As Bitcoin Miners return to better margins and block times speed up, the next adjustment could shake the balance between computing power and profitability. What happens after July 12th gives you a closer look at how miners pilot the evolving tempo of Bitcoin.

See also  What is Bitcoin Miner waiting for?

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