Hashrate

Bitcoin Hashrate Surpasses 1 Zettahash as Miner Revenue Hits Record Low

Network difficulty jumps nearly 7%—the biggest increase since July 2024—driven by an all-time high in hashrate.

Despite a record-breaking hash rate, low transaction fees and empty blocks raise concerns about bitcoin’s long-term sustainability.

Transaction fees made up just 1.3% of total block rewards in February, marking the lowest share since the last bear market bottom in 2022.

The latest MinerMag report shows a slowdown in Bitcoin hashrate growth amid shifting market conditions.

Bitcoin transaction fees have hit multi-year lows despite the price hovering around $100,000.

Bitcoin's hashrate increased by approximately 50% in 2024, and it is currently on course to rise for the eighth consecutive time.

The competition for cheap electrons could establish a floor for hashprice, or at least slow down hashrate growth.

By Tom CarrerasNov 20, 2024

The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.

Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.

By Will CannyOct 1, 2024

September's counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.

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