FameEX Hot Topics | Bitcoin Mining Difficulty Reaches 110.45 Trillion Amid Revenue Drop

Bitcoin’s mining difficulty increased by 0.61%, rising from 109.78 trillion to 110.45 trillion, creating a slightly more challenging environment for miners. Simultaneously, the network’s hashrate declined from a peak of 824 exahash per second (EH/s) on January 6, 2025, to 778 EH/s, signaling reduced computational activity.

This adjustment follows the mining of block height 878,976, demonstrating the dynamic nature of Bitcoin’s network. With a difficulty level of 110.45 trillion, mining computations are now 110.45 trillion times more complex than Bitcoin’s baseline difficulty established in 2009. These adjustments help ensure the network adheres to its goal of producing one block approximately every 10 minutes.

Currently, Foundry USA leads the mining sector, contributing 34.73% of the global hashrate, approximately 265 EH/s. Antpool follows with 17.01%, adding just over 130 EH/s, while Viabtc ranks third, supplying 14.26% or 109 EH/s. In total, 65 mining pools or entities contribute to the global hashrate, underscoring Bitcoin’s decentralized infrastructure and robust network.

Despite active mining efforts, miners are grappling with declining profitability. Over the past 30 days, mining revenues hit their lowest levels of the month. On December 15, 2024, one petahash per second (PH/s) of hashrate earned $65.10 per day, but this figure has since dropped to $52.22, reflecting a 19.79% decline. This revenue downturn creates additional pressures on miners to adapt to evolving market conditions and computational dynamics.

These developments mark a recalibration phase for Bitcoin’s ecosystem. The decrease in hashrate, rising difficulty, and reduced revenues highlight the challenges faced by miners while emphasizing Bitcoin’s resilience and adaptability. The way miners respond to these economic signals will shape the future of Bitcoin’s mining landscape. The network’s capacity to navigate these pressures will play a critical role in ensuring its long-term stability and growth.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.