04.08.2025 16:26

Bitcoin mining difficulty has scaled unprecedented heights, reaching a record-breaking 127.6 trillion, significantly increasing the computational power needed to successfully mine new Bitcoin. This surge reflects a considerable influx of miners into the network, bolstering both its security and decentralization. The heightened difficulty, however, is anticipated to see a modest correction around August 9th, dipping approximately 3% to an estimated 123.7 trillion, according to CoinWarz data, a testament to Bitcoin's inherent self-regulating mechanism maintaining consistent block production.

Despite this increased difficulty, miner profitability has surprisingly remained robust. Daily earnings have reached a post-halving peak of $52.63 million per exahash, indicating either the adoption of more efficient mining hardware or the effective counterbalance provided by prevailing Bitcoin prices. This unexpected outcome counters the usual inverse correlation between mining difficulty and profitability.

Further underscoring the positive market sentiment, Bitcoin miner outflows have plummeted by nearly 49%. This substantial decrease in the seven-day moving average of Bitcoin leaving miners' wallets points towards a strong conviction in holding Bitcoin, rather than immediately selling their rewards. The combined effects of record difficulty, sustained profitability, and decreased miner outflows suggest a healthy and competitive landscape within the Bitcoin mining ecosystem. This is based on information gathered from internet sources.