Bitcoin (BTC) Hashrate has reached a different height of all the time, with a seven-day sliding average jump to 833 exahashes per day. Second (EH/S), according to Glassnode Data. This represents an increase of 9% from 767 EH/S in the last few days.

According to Miner Mag, pre-orders for mining hardware have begun to fall after the pre-half wave. Many mining companies had filled with equipment in anticipation of this event, ensuring that their operations remained competitive; However, analysts are now expecting a slowdown in hash rate growth.

Hashrate measures the calculation strength used to secure the Bitcoin network through mining, and a higher hash rate denotes greater network security.

According to Miner Mag, the network has seen a significant increase in hashrate over the past 18 months, largely driven by institutional investments in mining infrastructure.

The wave was ahead of Bitcoin’s halving in April 2024, which occurs approximately every four years and reduces the block winning by 50%. Since halving, the hash rate has increased by more than 40%, which indicates continued expansion in mining.

The increase in hashrate has coincided with mining profitability, which remains relatively flat in recent months. A primary reason for this is historically low transaction fees that have reduced miner earnings.

In Bitcoin Mempool, a high priority transaction costs only 5 SAT/VB ($ 0.69)-One of the lowest fee levels in recent years. With fewer transactions generating fees, miners earn less from transaction fees, making it more difficult to offset operating costs.

The Bitcoin network’s long-term economic model is dependent on transaction fees, which gradually replaces the block grant as the primary source of miner revenue, but the current market dynamic presents challenges for this model.

Looking forward, the next difficulty adjustment is planned in four days and is expected to rise by over 6%, leading it to a high highlight and putting additional pressure on miners.

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