Bitcoin’s hashrate has picked up speed, adding 88 exahash per second (EH/s) over the past 11 days after falling to 810 EH/s on June 24. Meanwhile, miners are enjoying an 11.62% increase in profitability compared to a month ago.
Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability
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From Slump to Sprint: Bitcoin Hashrate Rockets Back, Profits Surge
Since bottoming out on June 24, bitcoin’s computational power has jumped from 810 EH/s to 898 EH/s. The rebound followed summer cutbacks by U.S.-based miners, a bump in price, and a 7.48% network difficulty adjustment that took place six days ago.
The network’s hashprice—the estimated earnings from one petahash per second (PH/s) of SHA256 hashpower—has climbed 11.62% since June 5. Back then, archived data from hashrateindex.com pegged 1 PH/s at $52.35. At the time of writing on July 5, a single petahash is pulling in about $58.43, and it flirted with the $60 per PH/s mark on July 3.
Blocks are arriving faster than the usual 10-minute average, with current intervals clocking in at about 9 minutes and 19 seconds. At this rate, the next difficulty adjustment—slated for July 12, 2025—could bring an increase. While the final figure remains uncertain, estimates are pointing to a potential 7.3% uptick.
Anything above a 7.48% climb would completely wipe out the last downward adjustment. For now, network difficulty is cruising at 116.96 trillion. The latest boost in both hashrate and hashprice hints at a mining sector quick on its feet, adapting neatly to changing conditions.
As bitcoin miners return to better margins and block times speed up, the next adjustment could shake up the balance between computing power and profitability. What happens after July 12 will offer a closer look at how miners steer through bitcoin’s evolving tempo.
