Bitcoin: Miners' Revenues Rebound, But Hashrate Does Not Follow

Bitcoin is recovering, but the mining network is still cautious. In one month, the hashprice increased by 22.24%, driven by the price increase. However, the hashrate remains below 1 ZH/s, while difficulty has increased again. This situation creates a gap between potential revenues and the computing power being used. For miners, the upcoming adjustments will primarily measure whether this improvement can support a sustainable recovery of the network’s capacity.

Bitcoin: Difficulty Continues to Rise

Mining difficulty increased by 1.31% at block 965664. It stands at 127.45 trillion. Since January, the protocol has recorded 18 changes. This evolution marks the eighth increase in 2026.

The mechanism aims to maintain a pace close to ten minutes between two blocks. When miners produce faster, the network raises difficulty. Conversely, a power drop leads to the opposite adjustment. The system thus adapts production conditions.

The protocol performs this adjustment every 2,016 blocks. The last period ended faster, explaining Saturday’s increase. Despite this progress, difficulty remains below its early-year level, set at 146.47 trillion according to coinwarz.com data. This represents a 13% decline.

Eight Increases vs Ten Decreases in 2026

Since the start of the year, bitcoin has experienced variable difficulty. The eight increases together represent a 33.34% growth. However, the ten decreases amount to a cumulative variation of -45.27%. These movements bring difficulty to -11.93%.

The start of 2026 saw multiple changes in mining conditions. Spring maintained a turbulent, slightly negative trajectory. A significant drop occurred in mid-June. Since July, the network shows weak adjustments.

This calm comes as mining revenues increase. It highlights a measured reaction in computing power. Miners therefore operate in a more favorable context, without a comparable rise in hashrate. The upcoming cycle will show its progress.

Hashprice Jumps, Hashrate Remains Below 1 ZH/s

The bitcoin price increased significantly last month. Hashprice reached about 39.63 dollars per PH/s per day. It was around 32.42 dollars thirty days before, according to hashrateindex.com. Its growth is 22.24%.

Despite this improvement, hashrate remains below 1 ZH/s. It stands at 934 EH/s, while 1 ZH/s corresponds to 1,000 EH/s. The network does not yet show an equivalent increase. This gap distinguishes revenues and mining activity.

This difference between revenue and hashrate shows miners’ caution. Fees remain very low, with only 0.43% of total rewards coming from fees over the past 24 hours. Revenues remain heavily dependent on bitcoin price. Profitability remains linked to the market.

Bitcoin: Signals Still Market-Dependent

Data shows that mining revenues remain tied to price. The rise in hashprice improves daily value produced per unit of power. Yet, stable hashrate does not yet reflect visible expansion. The network remains under 1 ZH/s.

This situation may also reflect constraints related to available hardware. Miners must cope with power remaining at 934 EH/s. At the same time, low fee revenues limit another source of remuneration. These elements tie mining to the market.

The market’s next move will show mining activity’s reaction. A marked price variation could reveal tensions between profitability, difficulty, and power. Indicators depict revenue improvement, with limited hashrate growth. The next adjustment will bring new insight.

The upcoming adjustment period will clarify if the hashprice rebound can modify network power. Bitcoin maintains improving mining revenues, but hashrate still does not confirm this recovery at present.