Bitcoin mining difficulty hits 148 trillion as revenues fall to three-month lows
Summary
Bitcoin mining difficulty rose 5.54% on Oct. 29 to 148.36 trillion, following a 5.92% increase earlier in October, as hashrate continued to recover. The network added about 185 EH/s since July 17 and has returned to within 6% of its prior hashrate record, despite some companies shifting capacity toward AI infrastructure. The rebound supports network security but intensifies competition and reduces miners’ earnings. Hashprice has fallen to about $33 per PH/s daily, its lowest since August. At current rates, less efficient machines can lose money on electricity alone, while profitability increasingly depends on efficient equipment and low power costs.
