Bitcoin’s Price Boosts Mining Profits, Driving Hashrate to New Heights
Bitcoin’s hashrate has been steadily rising, reaching 836 exahashes per second (EH/s), close to its all-time high.
This surge coincides with an increase in Bitcoin’s price, which has boosted the hashprice to $49.57 per petahash, up from $46.21 just a week ago. Miners are benefiting from these higher earnings, which have provided some relief after tight margins earlier in March. Transaction fees have also risen slightly. But still represent only a small portion of miners’ revenue.
The combination of higher Bitcoin prices and a 1.43% difficulty adjustment has led to an uptick in mining activity. With operational strategies being adjusted as miners adapt to changing market conditions.
Clever Robot News Desk 27th March 2025
