Network power surge suggests tougher times ahead for miners
Bitcoin mining just got slightly easier — but not for long. Despite a recent 2.7% drop in network difficulty, the Bitcoin hashrate soared past 1.2 trillion hashes per second, setting a new all-time high that signals fierce competition among miners.
According to data from CryptoQuant and CoinWarz, Bitcoin’s mining difficulty fell to 146.7 trillion, down from its previous peak of 150.8 trillion. This metric adjusts roughly every two weeks to maintain a consistent 10-minute block interval.
“The next difficulty adjustment, expected on October 29, could push difficulty back above 156 trillion,” CoinWarz projected, noting that the increasing computational power is quickly offsetting any temporary relief for miners.
Record hashrate signals miner resilience
The Bitcoin network hashrate — a measure of total computing power securing the blockchain — hit an unprecedented 1.2 trillion hashes per second on Tuesday, a sign of ongoing network strength even amid economic and policy headwinds.
Higher hashrates mean greater competition and thinner profit margins. As more miners join the race, each block requires more energy and resources, putting pressure on operators already squeezed by trade tariffs, reduced block rewards, and volatile energy costs.
“The rising hashrate shows miners are not backing down — they’re scaling up,” said Alex Morgan, a digital asset analyst at Northbridge Capital. “But at these levels, smaller mining firms will struggle to stay profitable.”
Bitcoin network hashrate hit an all-time high of over 1.2 trillion hashes per second. : CryptoQuant
Miners diversify as AI boom heats up
To offset declining profits, major mining firms like Core Scientific, Hut 8, and IREN have begun shifting resources into AI data centers and other high-performance computing ventures.
While these pivots open new revenue opportunities, they also spark competition with AI infrastructure providers for cheap energy, further tightening margins.
Trade tariffs and export controls introduced under President Trump’s administration have also complicated hardware sourcing, raising the cost of importing mining rigs and components.
If these trade tensions deepen, the global mining supply chain could face new bottlenecks, adding pressure just as Bitcoin’s next difficulty hike looms.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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