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Bitcoin Mining Difficulty Surpasses 127 T for the First Time
On July 26, during the latest adjustment, Bitcoin’s mining difficulty increased by only 1.07%. However, that was enough for the metric to reach an all-time high of 127.62 T.
Following the adjustment, the network hash rate surpassed 1 ZH/s, and the average block interval dropped to nearly 9 minutes.
According to Glassnode, the 7-day smoothed average of the network’s hash power currently stands at 932.2 EH/s. This is still below the May 31 peak of 943.4 EH/s.
Data from BitcoinMiningStock shows that publicly listed companies account for 37.5% of the total hash rate. Four U.S.-listed firms — MARA, CleanSpark, IREN, and Cango — have already exceeded 50 EH/s in installed capacity. BitFuFu and Riot Platforms are also nearing that benchmark.
After the difficulty readjustment, the hashprice dropped from $59.1 to $58.3 per PH/s per day. However, the mining profitability metric partially recovered during the day to around $58.7, helped by Bitcoin's rebound to $117,500 following a previous dip to $115,000.
As a reminder, on July 12, the network difficulty rose by nearly 8%, putting notable pressure on mining economics.
See also: "Mining Company MARA Plans to Raise $850M to Buy BTC"
