⚡ Bitcoin Mining War Heats Up — Difficulty at Record High
Bitcoin mining just got tougher. This week, the network’s mining difficulty soared to an all-time high of 135 trillion, demanding more power than ever to secure a block. Yet, overall hashpower has slipped from its summer peak, creating new challenges for miners.
Back in August, Bitcoin’s hashrate crossed 1 trillion hashes per second for the first time. Since then, it has eased to around 967 billion, according to on-chain data. Rising difficulty and shrinking hashrate are squeezing margins, especially for small-scale miners with tighter budgets.
Reports suggest larger mining firms may thrive in this environment, as they can better absorb rising costs for hardware, power, and upkeep. Smaller teams, however, risk being pushed out, raising concerns about centralization in the network.
Even so, solo miners are still making headlines. In July and August, three individuals struck gold:
- On July 3, a lone miner hit block 903,883, earning about $350K.
- On July 26, another mined block 907,283, worth nearly $373K.
- On August 17, a single operator added block 910,440, pocketing $373K.
Such rare wins highlight that despite mounting difficulty, the system still rewards individuals.
Meanwhile, Bitcoin’s market performance adds another twist. Historically, September has been a weak month, averaging a -3.77% drop since 2013. From 2017 to 2022, Bitcoin suffered six straight red Septembers. The streak flipped in 2023, and 2024 marked the strongest September ever, with +7.29% gains.
In short, Bitcoin mining is entering a harder era. Rising difficulty and falling hashrate are tightening margins, boosting larger players while challenging smaller ones. But the occasional solo miner’s success proves the network isn’t entirely out of reach. Investors and analysts alike will be watching closely as difficulty, hashrate, and price continue their delicate dance.
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