Bitcoin Mining Power Soars Past 1,000 EH/s, but Miners Struggles Intensify
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- Bitcoin’s hash rate reaches 1,000 EH/s, marking a new network security milestone.
- Miners sold 40% of their Bitcoin production in March, the highest since October 2024.
- Bitcoin miner revenue plummets 40%, with operational costs mounting amid low fees.
Bitcoin’s network reached a new milestone, with a hash rate of over 1,000 exahashes per second (1 Zetahash per second) according to data from Cloverpool. This new record signifies a considerable increase in the computational power securing Bitcoin’s blockchain.
Record Hash Rate Amid Financial Strain on Miners
The growth of Bitcoin’s hash rate indicates increased mining participation and technological improvements in mining. As of April, the hash rate peaked at one sextillion hashes per second. This growth helps provide more computing power to the network and therefore contributes to its security.
Despite these advancements in network strength, Bitcoin miners are under increasing financial pressure. According to Newhedge, a blockchain analytics platform, the revenue of Bitcoin miners plummeted almost 40% year-over-year, from $2 billion in March 2024 to $1.2 billion in March 2025.
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The post Bitcoin Mining Power Soars Past 1,000 EH/s, but Miners Struggles Intensify appeared first on Coin Edition.
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