Bitcoin mining hashprice stays flat despite higher difficulty: Report

The Bitcoin (BTC) mining hashprice — a miner's regular gross per portion of hashing powerfulness expended to excavation blocks — has remained changeless astatine astir $48 per petahash per 2nd (PH/s), contempt a flimsy 1.4% uptick successful Bitcoin difficulty.

Data from CoinWarz shows that the Bitcoin trouble climbed to 113.76 trillion astatine artifact 889,081 connected March 23, up from the 112.1 trillion trouble successful the erstwhile epoch.

According to TheMinerMag, a hashprice beneath $50 places fiscal accent connected miners moving older hardware specified arsenic the Antminer S19 XP and S19 Pro.

The older hardware coupled with declining web transaction fees risks pushing immoderate miners into unprofitable territory — forcing them to crook disconnected their hardware until they upgrade their application-specific integrated circuits (ASICs) oregon web conditions change.

Mining firms person been struggling since the April 2024 Bitcoin halving event, which slashed the artifact subsidy to 3.125 BTC per artifact mined, mostly expanding web difficulty, and the caller downturn successful the crypto markets owed to macroeconomic uncertainty.

Bitcoin mining difficulty. Source: CoinWarz

Related: SEC says proof-of-work mining does not represent securities dealing

Miners person a unsmooth commencement to 2025

Research from fiscal services steadfast JPMorgan shows that publically listed Bitcoin mining companies collectively lost 22% of their stock value successful February 2025.

Even miners who diversified operations into artificial quality and high-performance computing information centers, to enactment up gross mislaid done mining activities, are facing fiscal pressures, the JPMorgan study found.

The fiscal services steadfast cited the merchandise of DeepSeek R1, an open-source AI exemplary trained for a fraction of the outgo arsenic the starring models and performs connected par with closed-source AI products, arsenic a strain connected ample AI information centers.

Although the Bitcoin network’s hashrate oscillates successful the abbreviated term, the agelong word inclination is up-only. Source: CryptoQuant

A steadily rising web hashrate, which is the sum full computing powerfulness successful the Bitcoin network, is besides creating accrued contention among miners, who indispensable expend greater computing resources to stay profitable.

Fears of a prolonged commercialized war betwixt the United States and Canada, alongside changeless tariff headlines, person enactment miners connected edge.

Threats from Canadian officials to levy tariffs connected vigor exports to the United States spot adjacent much unit connected the already struggling industry.

Magazine: Korea to assistance firm crypto ban, beware crypto mining HDs: Asia Express