Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competition
BTC when published $81,583Now $80,617 ▼ −1.18% since it was published
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors. Bitcoin’s network hashrate has climbed to a seven-month high despite major publicly traded miners shifting capacity toward artificial intelligence, suggesting other operators are replacing lost computing power and intensifying competition among remaining network miners. Hashrate measures the computing power securing the Bitcoin network. The recovery suggests that miners still operating on the network are seeing little relief from competition, despite the industry’s ongoing transition to AI workloads. Bitcoin’s mining difficulty increased 5.92% on Oct. 16, with BlocksBridge projecting another 5.16% increase at the next adjustment. If the estimate holds, difficulty will have risen roughly 11.4% across two consecutive adjustments.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
