🔲On July 12, Bitcoin’s mining difficulty increased by nearly 8%, approaching its all-time high — signaling a return of computational power to the network. However, following the adjustment, the average hash rate dropped to 797 EH/s, extending the average block time to over 11 minutes. Despite a recovery in the moving average to 909.5 EH/s, mining profitability is declining.
🔲Hashprice has fallen to $59 per PH/s per day, effectively offsetting the benefits of Bitcoin’s price increase. In response to worsening conditions, some mining companies are expanding capacity, while others are shifting focus to altcoins and staking. The mining sector is entering a new phase of adaptation.