• bitcoinBitcoin (BTC) $ 82,501.00
  • ethereumEthereum (ETH) $ 1,890.77
  • tetherTether (USDT) $ 0.999911
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 630.88
  • solanaSolana (SOL) $ 123.21
  • usd-coinUSDC (USDC) $ 0.999901
  • cardanoCardano (ADA) $ 0.701103
  • dogecoinDogecoin (DOGE) $ 0.166415
  • tronTRON (TRX) $ 0.224670
  • staked-etherLido Staked Ether (STETH) $ 1,889.76
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,407.00
  • leo-tokenLEO Token (LEO) $ 9.75
  • the-open-networkToncoin (TON) $ 3.55
  • chainlinkChainlink (LINK) $ 13.71
  • usdsUSDS (USDS) $ 0.999969
  • stellarStellar (XLM) $ 0.268300
  • wrapped-stethWrapped stETH (WSTETH) $ 2,262.94
  • hedera-hashgraphHedera (HBAR) $ 0.185212
  • avalanche-2Avalanche (AVAX) $ 18.80
  • pi-networkPi Network (PI) $ 1.10
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • suiSui (SUI) $ 2.26
  • mantra-daoMANTRA (OM) $ 6.97
  • litecoinLitecoin (LTC) $ 88.44
  • bitcoin-cashBitcoin Cash (BCH) $ 338.82
  • polkadotPolkadot (DOT) $ 4.27
  • ethena-usdeEthena USDe (USDE) $ 0.999791
  • bitget-tokenBitget Token (BGB) $ 4.48
  • wethWETH (WETH) $ 1,892.05
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999785
  • hyperliquidHyperliquid (HYPE) $ 13.28
  • whitebitWhiteBIT Coin (WBT) $ 28.32
  • wrapped-eethWrapped eETH (WEETH) $ 2,008.54
  • moneroMonero (XMR) $ 209.21
  • uniswapUniswap (UNI) $ 6.20
  • susdssUSDS (SUSDS) $ 1.04
  • aptosAptos (APT) $ 5.38
  • daiDai (DAI) $ 0.999610
  • okbOKB (OKB) $ 51.81
  • nearNEAR Protocol (NEAR) $ 2.53
  • pepePepe (PEPE) $ 0.000007
  • mantleMantle (MNT) $ 0.820016
  • internet-computerInternet Computer (ICP) $ 5.70
  • gatechain-tokenGate (GT) $ 21.90
  • ethereum-classicEthereum Classic (ETC) $ 17.44
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.85
  • ondo-financeOndo (ONDO) $ 0.827091
  • aaveAave (AAVE) $ 168.98
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,506.00
  • official-trumpOfficial Trump (TRUMP) $ 10.98
  • crypto-com-chainCronos (CRO) $ 0.079077
  • cosmosCosmos Hub (ATOM) $ 4.76
  • vechainVeChain (VET) $ 0.024245
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998436
  • bittensorBittensor (TAO) $ 242.60
  • kaspaKaspa (KAS) $ 0.074524
  • ethenaEthena (ENA) $ 0.358005
  • filecoinFilecoin (FIL) $ 2.84
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.207174
  • celestiaCelestia (TIA) $ 3.22
  • fasttokenFasttoken (FTN) $ 4.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,594.00
  • render-tokenRender (RENDER) $ 3.12
  • arbitrumArbitrum (ARB) $ 0.358193
  • algorandAlgorand (ALGO) $ 0.183858
  • sonic-3Sonic (prev. FTM) (S) $ 0.482488
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999571
  • optimismOptimism (OP) $ 0.861320
  • jupiter-exchange-solanaJupiter (JUP) $ 0.506097
  • kucoin-sharesKuCoin (KCS) $ 11.03
  • story-2Story (IP) $ 5.28
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.504404
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 82,285.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,893.04
  • nexoNEXO (NEXO) $ 1.07
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,962.15
  • xdce-crowd-saleXDC Network (XDC) $ 0.067296
  • movementMovement (MOVE) $ 0.438545
  • makerMaker (MKR) $ 1,221.48
  • immutable-xImmutable (IMX) $ 0.563341
  • dexeDeXe (DEXE) $ 17.54
  • usual-usdUsual USD (USD0) $ 0.997494
  • worldcoin-wldWorldcoin (WLD) $ 0.823060
  • sei-networkSei (SEI) $ 0.196400
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,135.25
  • injective-protocolInjective (INJ) $ 9.56
  • the-graphThe Graph (GRT) $ 0.096137
  • blockstackStacks (STX) $ 0.600944
  • flare-networksFlare (FLR) $ 0.014861
  • theta-tokenTheta Network (THETA) $ 0.888659
  • binance-staked-solBinance Staked SOL (BNSOL) $ 128.39
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999653
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,668.00
  • lido-daoLido DAO (LDO) $ 0.916649
  • bonkBonk (BONK) $ 0.000011
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.63
  • paypal-usdPayPal USD (PYUSD) $ 0.999618
  • wbnbWrapped BNB (WBNB) $ 631.07
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,005.48
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999790
  • tether-goldTether Gold (XAUT) $ 3,041.62
  • eosEOS (EOS) $ 0.488314
  • galaGALA (GALA) $ 0.016750
  • tezosTezos (XTZ) $ 0.698449
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999803
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • the-sandboxThe Sandbox (SAND) $ 0.277473
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,319.00
  • bitcoin-svBitcoin SV (BSV) $ 33.60
  • jito-governance-tokenJito (JTO) $ 2.15
  • iotaIOTA (IOTA) $ 0.178709
  • berachain-beraBerachain (BERA) $ 6.04
  • jasmycoinJasmyCoin (JASMY) $ 0.013500
  • flowFlow (FLOW) $ 0.411242
  • pax-goldPAX Gold (PAXG) $ 3,052.16
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999445
  • kaiaKaia (KAIA) $ 0.105401
  • msolMarinade Staked SOL (MSOL) $ 157.31
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,965.49
  • flokiFLOKI (FLOKI) $ 0.000060
  • curve-dao-tokenCurve DAO (CRV) $ 0.437652
  • neoNEO (NEO) $ 7.96
  • heliumHelium (HNT) $ 3.12
  • resolv-usrResolv USR (USR) $ 0.999667
  • pyth-networkPyth Network (PYTH) $ 0.148657
  • beldexBeldex (BDX) $ 0.077386
  • kavaKava (KAVA) $ 0.496818
  • axie-infinityAxie Infinity (AXS) $ 3.33
  • ethereum-name-serviceEthereum Name Service (ENS) $ 15.99
  • honey-3Honey (HONEY) $ 0.999510
  • zcashZcash (ZEC) $ 32.86
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 135.02
  • elrond-erd-2MultiversX (EGLD) $ 17.78
  • telcoinTelcoin (TEL) $ 0.005385
  • decentralandDecentraland (MANA) $ 0.266048
  • true-usdTrueUSD (TUSD) $ 1.00
  • roninRonin (RON) $ 0.777987
  • raydiumRaydium (RAY) $ 1.65
  • starknetStarknet (STRK) $ 0.174217
  • dydx-chaindYdX (DYDX) $ 0.627687
  • dogwifcoindogwifhat (WIF) $ 0.461153
  • pumpbtcpumpBTC (PUMPBTC) $ 79,818.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,005.20
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,891.25
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999718
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.683588
  • arweaveArweave (AR) $ 6.73
  • conflux-tokenConflux (CFX) $ 0.086445
  • ecasheCash (XEC) $ 0.000022
  • apenftAPENFT (NFT) $ 0.00000043
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.166270
  • coredaoorgCore (CORE) $ 0.423559
  • chilizChiliz (CHZ) $ 0.045014
  • apecoinApeCoin (APE) $ 0.530187
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,582.00
  • thorchainTHORChain (RUNE) $ 1.19
  • clbtcclBTC (CLBTC) $ 82,417.00
  • ousgOUSG (OUSG) $ 110.35
  • usdbUSDB (USDB) $ 0.998553
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,890.21
  • chain-2Onyxcoin (XCN) $ 0.012134
  • aerodrome-financeAerodrome Finance (AERO) $ 0.502391
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006154
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • compound-governance-tokenCompound (COMP) $ 43.20
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 81,889.00
  • pendlePendle (PENDLE) $ 2.31
  • axelarAxelar (AXL) $ 0.399480
  • infrared-beraInfrared Bera (IBERA) $ 5.44
  • plumePlume (PLUME) $ 0.183558
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.882247
  • matic-networkPolygon (MATIC) $ 0.207195
  • grassGrass (GRASS) $ 1.31
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,886.72
  • olympusOlympus (OHM) $ 21.63
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,969.40
  • fraxFrax (FRAX) $ 0.998652
  • tbtctBTC (TBTC) $ 82,476.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,932.89
  • amp-tokenAmp (AMP) $ 0.004043
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • spx6900SPX6900 (SPX) $ 0.360610
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998811
  • beam-2Beam (BEAM) $ 0.006210
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • kaitoKAITO (KAITO) $ 1.34
  • based-brettBrett (BRETT) $ 0.032142
  • mina-protocolMina Protocol (MINA) $ 0.261042
  • gnosisGnosis (GNO) $ 123.11
  • akash-networkAkash Network (AKT) $ 1.26
  • verus-coinVerus (VRSC) $ 3.92
  • aioz-networkAIOZ Network (AIOZ) $ 0.268768
  • morphoMorpho (MORPHO) $ 1.30
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005432
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,872.59
  • justJUST (JST) $ 0.030156
  • havvenSynthetix Network (SNX) $ 0.841055

Bitcoin Hashrate Growth Slows Amid Tough Market Conditions for Smaller Miners

0 13

Bitcoin Hashrate Growth Slows Amid Tough Market Conditions for Smaller Miners

After months of rapid expansion, Bitcoin’s hashrate growth slowed down in January, according to the latest report from TheMinerMag.

The network’s difficulty saw its first decline since September, indicating that even though publicly listed companies have kept increasing their hash power, their growth isn’t enough to compensate for the capitulation of other, probably smaller operators.

The total revenue made from bitcoin (BTC) mining remained stable at $1.4 billion for the month. Publicly traded mining companies, which collectively hold 99,000 bitcoin (worth roughly $9.7 billion), accounted for about 30% of the hashrate market share in January.

Competition between the biggest publicly traded companies has also increased.

The leading mining firm, Marathon Digital (MARA), retained its top spot with a realized hashrate of 41.65 EH/s, followed by CleanSpark at 34.77 EH/s. Riot Platforms, which has been expanding aggressively, is closing in with 31.27 EH/s.

“Notably, the competition within the 30 EH/s group is heating up like never before, while the gap between the 30 EH/s tier and the 10 EH/s group — comprising Core Scientific, Cipher Mining, and Bitfarms — continues to widen,” the report said.

The top miners taking more market share is hardly a surprise as the recent halving event has cut bitcoin mining rewards by half and squeezed the industry’s profit margin, even with the BTC price near $100,000. In such an environment, it’s tough for smaller players to compete with big operations which were already positioned to dominate the market. In fact, a lot of miners are already looking for other revenue sources, such as hosting machines for AI and HPC firms.

The report also said that mining hardware imports to the U.S. also slowed in January, a factor contributing to the stabilization of hashrate growth. However, some firms, including Blockchain Power Corp and AcroHash, have imported a significant amount of cooling infrastructure from Bitmain.

Looking ahead, TheMinerMag predicts another difficulty adjustment decline in February as some smaller mining operators exit the market due to lower profitability.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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