Bitcoin miners turn off their equipment, affected by difficulty and hashrate

  • On May 31, the difficulty of the network grew by 4%, driven by a high hashrate in that month.

  • On June 1, Bitcoin hashrate fell to 837 eh/s, evidencing the departure of some miners.

From mid -May 2025 until the last day of that month, the computing power (hashrate) contributed by the miners of Bitcoin (BTC) to the network recorded an increase such that it produced that the difficulty of mining was affected. In addition, the recent fall of the price of BTC to the $ 100,000 zone affected another key measure For miners: hashprice.

On June 1, Bitcoin hashrate, which measures the total calculation power of the network, fell to 837 EH/s (exahasos per second), according to data of Mempool.Space, which shows that some miners, are particular those less efficient or those who cannot face a rise in the difficulty of the network, They disconnected their teams or part of them.

That fall of the hashrate occurs one day after the network created by Satoshi Nakamot will reach a historical maximum of 126.98 billion, an increase of 4.38% Regarding the previous adjustment, in accordance with the following graph extracted from Mempool.Space:

Bitcoin hashrate and mining difficulty.
Less efficient miners turned off their teams and Bitcoin’s hashrate fell. Fountain: Mempool.space.

That descent in the hashrate should not be interpreted as a negative signal for the Bitcoin network, provided that it does not reach critical levels that compromise their safety.

Rather, it reflects a common practice among miners with equipment less advanced or higher operational costswho choose to turn off their machines when competition increases and costs exceed the income generated. This behavior is accentuated in moments of high difficulty and adjusted margins, such as those observed recently.

The difficulty is a parameter that automatically adjusts every 14 days and regulates the complexity of the necessary calculations to validate transactions and generate new blocks in the network, ensuring that approximately every 10 minutes occur.

On June 13, according to Mempool.

Meanwhile, the current level of difficulty, driven by the recent peak in the hashrate, Evidence greater competition in the networkwhich presses minor miners to suspend operations.

Hashprice under pressure and its impact on mining

According to a media specialized in Bitcoin mining, the adjustment of the difficulty occurred after a Average hash. 14 days of 913.54 eh/sa record which has directly impacted the hashprice, a metric that measures the income of the miners per unit of hash (usually expressed in the dollar by Terahas per day, USD/th/s).

According to the analysis of the source cited, after the adjustment of May 31 of the mining difficulty, the hashprice fell to 0.052 USD/th/s, “Deleting the accumulated profits since the beginning of May”when it reached a maximum of USD/TH/S 0.058 on May 23, coinciding with a Bitcoin price of $ 112,000. Currently, with the price close to $ 100,000, profitability margins have been reduced.

The hashprice, as Cryptonotics explained, is an elementary indicator for the miners, since it reflects how much they earn for each unit of calculation power contributed to the network. It is influenced by the price of Bitcoin and the difficulty of mining: the greater the difficulty, more power is needed to undermine the same amount of BTC, which reduces hashprice if the price does not grow proportionally.

At the time of this wording, data From the Braiins mining pool confirm this trend, reporting a Hashprice of USD/Th/day, as seen in the following image, in line with The Mine Mag:

Bitcoin hashprice evolution graph.
Bitcoin hashrpice is currently at 0.052 USD/TH/day. Fountain: Braiuns.

Growth of mining companies promotes hashrate

The increase in hashrate in May He replied largely to the expansion of public mining companies, according to The Miner Mag. For example, HIVE Digital Technologies (HIVE) exceeded 7 EH/SA beginning of May and reached more than 10 eh/s last weekwith plans to reach 11.5 eh/s by the end of June and 18 eh/s for the third quarter.

For its part, Mara (Mara), the largest public BTC mining in the world in capitalization, broke its own record by producing 888.1 BTC in May through its mining pool, equivalent to 6% of the total mining in the period. His hashrate reached almost 55 eh/s, 23% more than the previous month.

These figures reflect the professionalization of the mining industry, where actors with access to advanced capital and technology dominate the panorama, intensifying competition, and leaving less competitive miners at a disadvantage.

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