BTC mining: record after record

It needs to be kept in mind that the hashrate increases not only due to the boost in the performance of ASICs, but likewise as an effect of the boost in the worth of BTC, but this result is seen just after months. The problem increases instantly as an outcome of the increase in hashrate, with the goal of keeping the block-time around 10 minutes. With such an increase in hashrate, it was inescapable that the trouble would likewise increase.

The mining of BTC continues to set record after record: the hashrate has reached its all-time high, as has the difficulty. Moreover, an ASIC with calculating power surpassing 1 PH/s has also been launched. New records from BTC mining: the existing levels of hashrate The all-time peak regarding the per hour hashrate of Bitcoin mining was reached last May 30th above 1,100 EH/s, and it was hit a second time yesterday. Offered, nevertheless, that these information come from determined price quotes, and not from real measurements, it is recommended to utilize average information over longer periods (such as the week) rather than hourly data. The optimum peak of the 7-day moving average was undoubtedly reached on the first of June, above 940 EH/s. Note that a year ago it hardly surpassed 600 EH/s, and in December, when the BTC cost surpassed for the very first time in its history the $100,000, it barely went beyond 800 EH/s. It needs to be born in mind that the hashrate increases not just due to the boost in the performance of ASICs, however also as a repercussion of the increase in the worth of BTC, but this impact is seen only after months. It’s no surprise that the historic record was set just in June, despite the price being more or less the very same as December of last year. The difficulty also reached its all-time high on May 31, at practically 127 T. A year ago it was below 85 T, and between November and December it had surpassed 100 T for the very first time. The problem increases immediately as an outcome of the increase in hashrate, with the goal of keeping the block-time around 10 minutes. With such a boost in hashrate, it was unavoidable that the difficulty would also increase. The issue for the miners is that a boost in trouble likewise increases energy intake, because it requires the extraction of a greater number of hashes to be able to mine the blocks. The increase in hashrate, necessary to extract more hashes, can be achieved even just by acquiring more efficient machines, generally to obtain it, it is required to increase electricity consumption, that is, operating expenses, thus decreasing the revenue margin. The quote of the average profitability of BTC mining has dropped from about $0.06 per day per THash/s at the beginning of the year to the present $0.05. Therefore, with the BTC value remaining the exact same, the earnings of the miners have reduced due to the boost in hashrate. On the other hand, the hashrate constantly increases with months of delay compared to the boost in value. Last month, among the biggest ASIC manufacturers on the planet, Bitmain, introduced a new machine efficient at exceeding 1 PH/s. One TH/s (TeraHash per second) is equivalent to one trillion hashes per second. TH/s is also the unit of measurement normally utilized to determine the performance of ASICs, however Bitmain’s brand-new maker exceeds 1,000 TH/s, which is more than 1 PH/s. One PH/s (PetaHash per second) is equivalent to one million billion hashes per second. Note that these are the units of measurement utilized for the performance of individual machines utilized in BTC mining to draw out hashes, while to determine the total hashrate used worldwide for BTC mining, EH/S is used. One EH/s (ExaHash per second) is comparable to one billion hashes per second. Considered that ASICs with calculating power greater than 1 PH/s are now on the market, and since it takes just a thousand of these machines working concurrently to reach 1 EH/s, it is not surprising that hashrate peaks of 1 ZH/s, or greater than a thousand PH/s, have currently been reached. One ZH/s (ZettaHash per second) is comparable to a thousand billion hashes per second. To inform the reality, in the last week, the overall hashrate has actually slightly decreased. With the increase in difficulty from 119 to 127 T from mid-May to today, the estimate of the average profitability of BTC mining has actually dropped from $0.06 to $0.05 per day per TH/s, and this has actually certainly led some miners to turn off the less efficient machines. Therefore after the peak on the very first of June, now the hashrate has actually dropped to 880 EH/s. It is, however, a higher worth compared to the 840 EH/s reached in mid-May, and much higher compared to the 770 at the end of October, before the current Bitcoin bull run started. In other words, web of the medium-short term changes created by the variations in difficulty, BTC mining still appears to be doing quite well overall.

Source: https://en.cryptonomist.ch/2025/06/09/btc-mining-record-after-record/