Bitcoin difficulty rose 5.92% to 140.58 trillion, while CryptoQuant estimated hashrate had reached 1 ZH/s. The signals point to fierce mining competition, but the hashrate rebound still needs independent confirmation—and neither figure proves miners are profitable.
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Bitcoin’s hashrate may have climbed back above 1 ZH/s after a February low, but missing dates, data sources and averaging details leave the milestone unverified. A separate late-May estimate put the network below the threshold—and hashrate alone doesn’t predict BTC’s price.
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Bitcoin’s hashrate slipped and miner BTC reserves edged lower, signaling margin pressure and some treasury reshuffling — but not a broken network. Blocks keep coming, while some miners sell coins or pivot capital toward better-paying AI infrastructure.
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Bitcoin’s mining difficulty has fallen sharply as lower BTC prices, high power costs, and older rigs push weaker miners offline. The network is adjusting as designed, but the squeeze is real — and some operators are already pivoting hardware toward AI.
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China Hammers Xinjiang Polysilicon Firm with $14.5M Fine for Powering Bitcoin Mining China has dropped another bombshell in its unrelenting war on cryptocurrency mining. A major polysilicon producer in Xinjiang has been slapped with a hefty 100 million yuan fine—equivalent to about $14.5 million—for illegally supplying electricity to Bitcoin mining operations, in direct violation of […]
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Tenfold Surge: Russian Crypto Mining Firms Scramble for Legitimacy Under New Law Russia has turned a shadowy corner of its economy into a state-sanctioned powerhouse, with over 1,000 cryptocurrency mining firms registering in 2024—a tenfold jump from just 91 at the year’s start. This seismic shift, fueled by a stringent new law, signals both a […]
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Russia’s Crypto Mining Boom: A Tenfold Surge in Registered Firms Signals a New Era Russia has stormed into the spotlight of the Bitcoin mining world with a jaw-dropping tenfold increase in registered crypto mining firms over the past six months. According to the Federal Tax Service (FTS), the number of legally operating miners has skyrocketed […]
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BTC Mining Hashrate Hits ATH, Intensifying Pressure on U.S. Miners Squeezed by Tariffs On April 5, 2023, Bitcoin’s mining hashrate, which is the total computational power used to mine and process transactions on the Bitcoin network, soared to an all-time high of over 1 Zetahash per second (ZH/s). This milestone not only showcases the network’s […]
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