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hashrate

Bitcoin Hashrate Hits New Peak as BTC Price Struggles
GameFi Guides

Bitcoin Hashrate Hits New Peak as BTC Price Struggles

by admin August 27, 2025


Bitcoin’s hashrate has now reached a new all-time high of 971 exahashes per second, according to data provided by CoinWarz. 

Smoothing out randomness 

It is worth noting that the hashrate used to occasionally spike above 1 zettahash per second earlier this month.

However, such brief spikes are not usually treated as actual record peaks, given that the randomness of block production does not have enough time to smooth out. 

The all-time hashrate charts make it possible to smooth out randomness. Thus, some believe that true all-time highs are actually recorded on longer timeframes since they do not trick analysts with mere statistical noise. 

Hashrate and price 

It is typically believed that Bitcoin hashrate follows the price of the leading cryptocurrency, given that more miners tend to plug in machines when coins become more expensive. 

Some also assume that hashrate could actually drive price, but there is no concrete correlation. 

Nevertheless, the new hashrate peak bodes well for the fundamentals of the leading network, considering that it shows that the network is gaining more strength. 

Meanwhile, Bitcoin is currently struggling price-wise, with the leading cryptocurrency recently dipping below the $111,000 level.  

US in the lead 

When it comes to the geographical distribution of the global hashrate, the US currently remains in the lead. It accounts for as much as 36% of the network’s computational power. 

China, despite the mining ban, paradoxically remains among the biggest mining powers with a 14% share of the global hashrate.



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August 27, 2025 0 comments
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GameFi Guides

Bitcoin Hashrate, Mining Difficulty Soar While Fees Sink: BlocksBridge

by admin August 19, 2025



In brief

  • Bitcoin network mining difficulty hit an all-time high of 129 trillion, making it harder than ever for miners to earn rewards despite Bitcoin’s recent price pullback.
  • Miner revenues are being squeezed as hashprice dropped to $60 per petahash and transaction fees fell below 1% of block rewards for the first time ever.
  • New tariffs up to 57.6% on mining equipment imports are creating additional financial pressure, with CleanSpark facing a potential $185M liability and Iris Energy $100M.

Even as Bitcoin cools off from its new all-time high, activity on the network has surged, pushing mining difficulty to fresh highs.

The Bitcoin network difficulty now stands at a record high of 129 trillion. That’s a 6.4% increase over the past 90 days, according to CoinWarz.

The difficulty was nearly this high in early June, when it inched past 126 trillion for the first time ever. The higher the difficulty the harder it becomes for miners to successfully add new blocks and earn rewards.

There may be some relief coming. The difficulty, which adjusts automatically roughly every two weeks, is set to lower 0.33% on Friday, August 22.

But for now, the all-time high difficulty is showing up in lower Bitcoin miner revenues, writes BlocksBridge Consulting founder and partner Nishant Sharma in his latest Bitcoin mining newsletter.

He wrote that the hashprice, or the amount of revenue earned per unit of computing power, has sunk to $60 per petahash per second. “This reflects ongoing compression in miner margins, as difficulty growth continues to offset gains from price appreciation,” Sharma added.

Meanwhile, transaction fees have slipped below 1% of block rewards for the first time ever. The revenue earned by miners comes from the static block reward, which is currently 3.125 BTC per block mined, and transaction fees paid by users.

“In July, fees accounted for just 0.985% of total monthly block rewards–the first time this share has fallen below 1%,” Sharma wrote.

The overall picture for Bitcoin miners hasn’t been helped by U.S. President Donald Trump, who has implemented punishing tariffs on imports from many of the countries that sell Bitcoin mining rigs. Imports from China are now subject to 57.6% tariffs, while Indonesia, Malaysia, and Thailand are all subject to 21.6% tariffs.

The tariffs have  already negatively affected two U.S. miners. U.S. Customs and Border Protection, which oversees tariff enforcement, has sent invoices to Iris Energy and CleanSpark—but for mining rigs that were imported in 2024.

“CleanSpark warned that if CBP’s position were upheld, its potential tariff liability could reach $185 million,” Sharma said. “IREN has also faced a $100 million dispute with CBP under similar circumstances. Both companies are challenging CBP’s claims.”

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August 19, 2025 0 comments
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Can Monero’s XMR price surge 40% and revisit all-time high?
Crypto Trends

Kraken freezes Monero deposits, Qubic grabs 51% hashrate

by admin August 17, 2025



Kraken suspended Monero deposits after detecting that a single mining pool gained majority control of the network’s hashrate.

The exchange cited security concerns following what appears to be a successful 51% attack on the privacy-focused blockchain.

“As a security precaution, we have paused Monero (XMR) deposits after detecting that a single mining pool has gained more than 50% of the network’s total hashing power,” Kraken announced Friday.

The exchange added that the concentration of mining power poses a potential risk to the network’s integrity.

Source: Kraken announcement

Qubic, an AI-focused blockchain and mining pool, claimed it achieved 51% hashrate dominance over Monero following a month-long technical confrontation.

“After a month-long, high-stakes technical confrontation, Qubic reached 51% of Monero’s hashrate dominance, successfully reorganizing the blockchain,” Qubic representatives announced Tuesday.

Pool survives denial of service counterattack

While Monero community members initially denied the attack claims, mining pool statistics now confirm Qubic as the dominant Monero miner.

Qubic faced resistance during its takeover attempt, briefly falling to seventh place among Monero miners. On August 4, the pool suffered a denial-of-service (DDoS) attack, which significantly reduced its computational power.

The DDoS attack dropped Qubic’s hashrate from 2.6 gigahashes per second to just 0.8 GH/s, according to Sergey Ivancheglo, who claimed responsibility for the 51% attack. Denial-of-service attacks flood networks with fake traffic, disrupting legitimate operations.

Despite the counterattack, Qubic recovered its hashing power and accumulated enough computational resources to control majority network operations. Current mining statistics confirm Qubic’s position as the top Monero mining pool.

Kraken’s deposit suspension aims to prevent potential losses from double-spending attacks while the network remains compromised.

Other exchanges may implement similar measures until normal mining distribution resumes.

A 51% attack allows attackers to spend the same coins multiple times by reversing confirmed transactions. Exchanges become primary targets in such attacks since they handle large transaction volumes and hold significant cryptocurrency reserves.

The Monero network’s proof-of-work consensus mechanism requires majority hashrate control to validate transactions. Qubic’s dominance theoretically gives it the power to reorganize blocks and censor transactions on the network.



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August 17, 2025 0 comments
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