In short
- Bitcoin Network Mining Difficulty reached a record high of 129 trillion, making it more difficult than ever for miners to earn rewards, despite the recent priceback from Bitcoin.
- The income from MijnRaager is pressed when Hashprice dropped to $ 60 per petahash and transaction costs for the first time ever fallen under 1% of the block reward.
- New rates up to 57.6% on importing mining equipment create extra financial pressure, where CleanSpark is confronted with a potential liability of $ 185 million and Iris Energy $ 100 million.
Even if Bitcoin cools down his new all-time high, the activity on the network has risen, which pushes mining problems to fresh highlights.
The Bitcoin Network difficulty is now at a record high of 129 trillion. That is an increase of 6.4% in the last 90 days, according to Coinwarz.
The difficulty was almost as high at the beginning of June, when it first passed 126 trillion. The higher the difficulty, the harder it becomes for miners to successfully add new blocks and to earn rewards.
There may be some relief. The difficulty, which automatically adjusts every two weeks, is set to 0.33% on Friday 22 August.
But for the time being the high difficulty for the all time is displayed in the income of lower Bitcoin miners, Blocksbridge Consulting founder and partner Nishant Sharma writes in his latest Bitcoin-Mijnbouw newsletter.
He wrote that the hashprice, or the amount of income that is earned per unit of computing, has sunk up to $ 60 per petahash per second. “This reflects the constant compression in the margins of miners, because difficulty growth continues to compensate for the profit of price valuation,” Sharma added.
In the meantime, transaction costs have been under 1% of the block rewards for the first time. The income earned by miners are from the Static Block reward, which is currently minimized 3,125 BTC per block and transaction costs are paid by users.
“In July, the reimbursements accounted for only 0.985% of the total monthly block rewards – the first time this share has fallen below 1%,” Sharma wrote.
The general picture for Bitcoin Miners was not helped by US President Donald Trump, who has implemented the punitive rates for imports from many of the countries selling Bitcoin -mining installations. The import from China is now subject to 57.6% rates, while Indonesia, Malaysia and Thailand are all subject to 21.6% rates.
The rates have already negatively influenced two American miners. American customs and border protection, which supervises the enforcement of the rate, has sent invoices to Iris Energie and CleanSpark – but for mining installations that were imported in 2024.
“CleanSpark warned that if the position of CBP was maintained, the potential rate liability could reach $ 185 million,” Sharma said. “Iren has also confronted a dispute of $ 100 million with CBP under similar circumstances. Both companies dispute the claims of CBP.”
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