Bitcoin hashrate hits all-time high

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mining_960

On June 12, the hashrate of the network of the first cryptocurrency (smoothed by the seven-day moving average) hit a record high of 393.9 EH/s, according to Glassnode.

Bitcoin hashrate hits all-time high
Data: Glassnode

On May 31, the mining difficulty indicator, correlated with the hashrate, updated its maximum at around 51.23 T. According to BTC.com, as a result of the recalculation expected within a day, the value of the metric will increase by another ~ 3% to 52.84 T.

Bitcoin hashrate hits all-time high
Data: BTC.com.

The increase in difficulty amid the decline in the price of bitcoin puts pressure on the profitability of miners. Last 30 days hashprice dropped from $0.0825 to $0.0671 per TH/s per day.

Bitcoin hashrate hits all-time high
Data: Hashrate Index.

The increase in the computing power of the Bitcoin network in recent days has taken place against the backdrop of a decrease in the cost of ASIC miners. Since the end of May, the price of the latest generation devices has dropped from $23.75 to $21.53 per TH/s.

Bitcoin hashrate hits all-time high
Data: Hashrate Index.

Recall that in May, the total income of miners reached $916 million, the figure has been steadily growing since November 2022.

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