Bitcoin’s hashrate (BTC) has reached another historical maximum, with a seven -day mobile average jumping to 833 exahasos per second (EH/s), according to Glassnode data. This represents an increase of 9% of 767 EH/s in recent days.
According to Mine Mag, early orders for mining hardware have begun to decrease after the increase prior to the chicken. Many mining companies had supplied equipment in the anticipation of this event, ensuring that their operations remained competitive; However, analysts now expect a slowdown in the growth of hashrate.
Hashrate measures the computational power used to ensure the Bitcoin network through mining, and a higher hashrate means greater network security.
According to MAG MAG, the Network has seen a significant increase in the hashratrate in the last 18 months, bossed to a large extent by institutional investment in mining infrastructure.
The increase was ahead of half of Bitcoin in April 2024, which occurs approximately every four years and reduces the reward of the block by 50%. From the middle, the hashrate has increased by more than 40%, indicating continuous expansion in mining operations.
The increase in hashrate has coincided with the mining profitability that is relatively flat in recent months. A main reason for this are historically low transaction rates, which have reduced the profits of the miners.
In Bitcoin Mempool, a high priority transaction costs only 5 SAT/VB ($ 0.69), one of the lowest rates levels in recent years. With fewer transactions that generate rates, the miners earn less than transaction rates, which hinders compensation for operating costs.
The long -term economic model of the Bitcoin network is based on transaction rates that gradually replace the block subsidy as the main source of mining income, but the current market dynamics poses challenges for this model.
Looking towards the future, the following difficulty adjustment is scheduled in four days and is projected to increase by more than 6%, leading it to a historical maximum and pressing more to the miners.
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