The hash price in Bitcoin mining remains stable despite the increase in difficulty-23-03-2025

The hash price for Bitcoin mining, currently at €79,198 (approximately $48 per petahash per second, PH/s), has remained steady even with a slight 1.4% increase in the Bitcoin network's difficulty.

According to CoinWarz data, the Bitcoin difficulty reached 113.76 trillion at block 889,081 on March 23, surpassing the previous difficulty of 112.1 trillion.

According to TheMinerMag, a hash price below $50 poses a financial burden for miners using older hardware, such as the Antminer S19 XP and S19 Pro.

The use of outdated hardware, combined with the decline in network transaction fees, could lead some miners into unprofitable territory, forcing them to shut down their equipment until they upgrade their ASICs or the network conditions change.

Mining companies have been struggling since Bitcoin’s halving event in April 2024, which reduced the block reward to 3.125 BTC, the general increase in network difficulty, and the recent downturn in cryptocurrency markets due to macroeconomic uncertainty.