Mining Crunch? Bitcoin Hashrate Slides Below 900 EH/s

Eight days ago, the network hit a peak of 943 exahash per second (EH/s). Since that high point on July 26, roughly 44.8 EH/s has vanished.

Bitcoin Hashprice Falls 11.65% in 30 Days

Hashrate has dipped 4.75% over the past eight days, slipping below the 900 EH/s threshold. As of Aug. 3, it’s hovering at 898.20 EH/s—down 44.8 EH/s from its recent peak. Several factors have played a role in this cooldown, including a slight difficulty increase nine days ago at block height 907200.

At that point, the network’s difficulty nudged up by 1.07%, landing at 127.62 trillion. Adding to the pressure, bitcoin’s price has been drifting lower—dropping 4.1% against the U.S. dollar over the past seven days. That slide has taken a toll on hashprice, the estimated value of one petahash per second (PH/s) of mining power, which now sits at $56.74 per petahash.

Thirty days ago on July 3, the estimated hashprice was holding steady at $59.26 per PH/s, marking a 4.25% dip since then. It even climbed to $64.22 per petahash on July 11, putting today’s hashprice down 11.65% from last month’s high. Currently, average block intervals are clocking in at about 10 minutes and 11 seconds, which hints that the upcoming difficulty adjustment on Aug. 9, 2025, could bring a downward shift.

Miners may be recalibrating their operations in anticipation of tougher profit margins ahead. With hashprice on the decline and difficulty adjustments looming, efficiency and timing will likely define who stays competitive in this ever-evolving digital gold rush.

As network conditions tighten, smaller operations might feel the pinch more than industrial-scale miners. If market dynamics don’t shift soon, consolidation across the sector could accelerate, favoring those who’ve already optimized for cost, energy access, and long-term strategy.