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Bitcoin mining hashrate indicates a tougher road ahead for miners


The bitcoin (BTC) mining difficulty fell to 146.7 trillion on Friday while the network’s hashrate, the average of the total computing power dedicated to securing the decentralized protocol, hit an all-time high of more than 1.2 trillion hashes per second.

BTC mining difficulty is down about 2.7% from the all-time high poverty level of more than 150.8 trillion reached in the previous adjustment period, according to Coinwarz.

Mining, bitcoin mining
Bitcoin mining difficulty has dropped. Source: Cryptoquant

However, the network’s hashrate hit an all-time high on Tuesday, and remains elevated above 1.2 trillion, despite a small dip from Tuesday’s all-time high. Data from cryptoquant shows. Coinwarz also forecast:

“The next difficulty adjustment is estimated to occur on October 29, 2025, 08:14:49 AM UTC, increasing the Bitcoin mining difficulty from 146.72 t to 156.92 t, which will occur in 1,474 blocks.”

The rising hashrate signals that miners need to spend ever more efficient computing resources to add grappling with trade rulesreduced block rewards, and competition.

Mining, bitcoin mining
The Bitcoin Network’s hashrate has hit an all-time high of over 1.2 trillion hashes per second. Source: Cryptoquant

Related: Bitdeer Doubles Bitcoin Self-Mining as Rig Demand Cools

Miners pivot to alternative revenue streams, but potential supply chain issues loom

Mining companies are constantly looking for alternative revenue streams to address the shortcomings from mining digital currencies, including Diversifying into AI data centers and other forms of high-performance computing.

Main scientific, kubo 8, and Iren are all re-allocating resources towards AI data centers in 2024 to boost revenue and reduce reliance on revenue generated from crypto mining.

However, data centers’ pivot to AI has created tension between Access to cheap energy sources to empower their operation.