Bitcoin Hashrate Drops After Record High Due to Difficulty Increase
Four days ago, Bitcoin's hashrate hit a record high of 976 exahashes per second (EH/s), but it has since fallen and now hovers around 900 EH/s.
Mining Parameters Show Mixed Signals, Block Time Increases to 11:04
On August 8, 2025, the network hashrate reached an impressive 976 EH/s, according to the seven-day simple moving average (SMA). The hashrate is currently around 900 EH/s, down 76 EH/s over the past four days, which coincides with a 1.42% difficulty increase at block 909216. It should be noted that the estimated yield of 1 petahash per second (PH/s) using the SHA256 algorithm is higher.
Total Bitcoin hashrate using a seven-day simple moving average and a yearly time frame according to hashrateindex.com.
At that time, the estimated hash rate was $57.30 per petahash/sec, and today it has increased by 2.55% to $58.76, according to statistics from hashrateindex.com. Yesterday, when BTC crossed the $120,000 mark, the hash rate increased to $59.78 per petahash. The current revenue remains 4.72% below the level on July 14, when the hash rate reached $61.67. The decrease in the hash rate seems to be caused by an increase in network difficulty.
Bitcoin hashrate price for the last 30 days according to hashrateindex.com.
Due to the reduced hashrate, intervals between blocks are being shortened to a target of 10 minutes. As of 1:20 PM ET on Tuesday, the average block time is 11 minutes, 4 seconds. Longer intervals could result in a difficulty reduction at the next target revision on August 24, 2025. With over 1,500 blocks remaining and projections subject to change, the mining difficulty is expected to decrease by 9.64%, at least for now.
The reduced difficulty will ease the pressure and may bring older rigs back into production, stabilizing the block rate. If the price momentum continues, the increase in unit revenue may offset the decline in production and participation; otherwise, if it slows, consolidation among operators may accelerate. Currently, the top five mining pools by block volume mined are Foundry, Antpool, Viabtc, F2pool, and Spider Pool. Together, these pools control 78.39% of the total hashrate.
Source: cryptonews.net
