• bitcoinBitcoin (BTC) $ 99,468.00
  • ethereumEthereum (ETH) $ 2,197.28
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 1.95
  • bnbBNB (BNB) $ 612.81
  • solanaSolana (SOL) $ 129.17
  • usd-coinUSDC (USDC) $ 0.999787
  • tronTRON (TRX) $ 0.266921
  • dogecoinDogecoin (DOGE) $ 0.147782
  • staked-etherLido Staked Ether (STETH) $ 2,198.05
  • cardanoCardano (ADA) $ 0.527951
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 99,328.00
  • hyperliquidHyperliquid (HYPE) $ 32.80
  • wrapped-stethWrapped stETH (WSTETH) $ 2,641.72
  • bitcoin-cashBitcoin Cash (BCH) $ 452.77
  • leo-tokenLEO Token (LEO) $ 8.98
  • suiSui (SUI) $ 2.42
  • chainlinkChainlink (LINK) $ 11.52
  • usdsUSDS (USDS) $ 0.999791
  • stellarStellar (XLM) $ 0.225233
  • whitebitWhiteBIT Coin (WBT) $ 48.08
  • avalanche-2Avalanche (AVAX) $ 16.18
  • the-open-networkToncoin (TON) $ 2.71
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.997702
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • litecoinLitecoin (LTC) $ 78.21
  • wethWETH (WETH) $ 2,198.31
  • wrapped-eethWrapped eETH (WEETH) $ 2,350.98
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 300.48
  • hedera-hashgraphHedera (HBAR) $ 0.130265
  • polkadotPolkadot (DOT) $ 3.20
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 99,453.00
  • bitget-tokenBitget Token (BGB) $ 3.94
  • uniswapUniswap (UNI) $ 6.32
  • daiDai (DAI) $ 0.999609
  • pepePepe (PEPE) $ 0.000009
  • pi-networkPi Network (PI) $ 0.484184
  • aaveAave (AAVE) $ 223.70
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 49.13
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • bittensorBittensor (TAO) $ 295.84
  • susdssUSDS (SUSDS) $ 1.06
  • aptosAptos (APT) $ 3.89
  • crypto-com-chainCronos (CRO) $ 0.079100
  • internet-computerInternet Computer (ICP) $ 4.56
  • jito-staked-solJito Staked SOL (JITOSOL) $ 156.54
  • nearNEAR Protocol (NEAR) $ 1.87
  • ethereum-classicEthereum Classic (ETC) $ 15.02
  • usd1-wlfiUSD1 (USD1) $ 0.999751
  • tokenize-xchangeTokenize Xchange (TKX) $ 27.39
  • ondo-financeOndo (ONDO) $ 0.650320
  • mantleMantle (MNT) $ 0.587306
  • fasttokenFasttoken (FTN) $ 4.44
  • gatechain-tokenGate (GT) $ 15.59
  • official-trumpOfficial Trump (TRUMP) $ 8.55
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 98,813.00
  • cosmosCosmos Hub (ATOM) $ 3.65
  • vechainVeChain (VET) $ 0.018935
  • kaspaKaspa (KAS) $ 0.061240
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.169390
  • skySky (SKY) $ 0.070558
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.581422
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999388
  • usdtbUSDtb (USDTB) $ 0.999965
  • filecoinFilecoin (FIL) $ 2.10
  • ethenaEthena (ENA) $ 0.233427
  • render-tokenRender (RENDER) $ 2.73
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.12
  • usdt0USDT0 (USDT0) $ 0.999747
  • kucoin-sharesKuCoin (KCS) $ 10.77
  • algorandAlgorand (ALGO) $ 0.156377
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,195.73
  • worldcoin-wldWorldcoin (WLD) $ 0.808690
  • arbitrumArbitrum (ARB) $ 0.264196
  • binance-staked-solBinance Staked SOL (BNSOL) $ 135.76
  • nexoNEXO (NEXO) $ 1.12
  • sei-networkSei (SEI) $ 0.194614
  • flare-networksFlare (FLR) $ 0.015475
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,500.60
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,302.02
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998287
  • jupiter-exchange-solanaJupiter (JUP) $ 0.342010
  • paypal-usdPayPal USD (PYUSD) $ 0.999609
  • kaiaKaia (KAIA) $ 0.167547
  • celestiaCelestia (TIA) $ 1.38
  • bonkBonk (BONK) $ 0.000012
  • injective-protocolInjective (INJ) $ 9.43
  • xdce-crowd-saleXDC Network (XDC) $ 0.055706
  • spx6900SPX6900 (SPX) $ 0.985437
  • pax-goldPAX Gold (PAXG) $ 3,442.02
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.35
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 99,213.00
  • tether-goldTether Gold (XAUT) $ 3,420.80
  • optimismOptimism (OP) $ 0.483520
  • fartcoinFartcoin (FARTCOIN) $ 0.861041
  • blockstackStacks (STX) $ 0.549209
  • wbnbWrapped BNB (WBNB) $ 611.98
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,358.90
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,306.40
  • sonic-3Sonic (S) $ 0.253764
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 99,274.00
  • story-2Story (IP) $ 2.71
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 99,737.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,312.63
  • vaultaVaulta (A) $ 0.468105
  • ousgOUSG (OUSG) $ 111.51
  • curve-dao-tokenCurve DAO (CRV) $ 0.523719
  • the-graphThe Graph (GRT) $ 0.072242
  • jito-governance-tokenJito (JTO) $ 1.99
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997813
  • dogwifcoindogwifhat (WIF) $ 0.673838
  • immutable-xImmutable (IMX) $ 0.359347
  • newton-projectAB (AB) $ 0.010117
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 144.60
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.99
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • msolMarinade Staked SOL (MSOL) $ 168.38
  • aerodrome-financeAerodrome Finance (AERO) $ 0.748737
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,378.40
  • usual-usdUsual USD (USD0) $ 0.997513
  • flokiFLOKI (FLOKI) $ 0.000063
  • zcashZcash (ZEC) $ 37.12
  • theta-tokenTheta Network (THETA) $ 0.589794
  • lido-daoLido DAO (LDO) $ 0.652423
  • bitcoin-svBitcoin SV (BSV) $ 29.05
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 98,987.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.96
  • the-sandboxThe Sandbox (SAND) $ 0.228406
  • iotaIOTA (IOTA) $ 0.144324
  • bittorrentBitTorrent (BTT) $ 0.00000056
  • saros-financeSaros (SAROS) $ 0.209080
  • galaGALA (GALA) $ 0.012290
  • falcon-financeFalcon USD (USDF) $ 0.999871
  • pendlePendle (PENDLE) $ 3.27
  • tbtctBTC (TBTC) $ 99,255.00
  • jasmycoinJasmyCoin (JASMY) $ 0.010701
  • tezosTezos (XTZ) $ 0.486741
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.008027
  • walrus-2Walrus (WAL) $ 0.369875
  • true-usdTrueUSD (TUSD) $ 1.00
  • coredaoorgCore (CORE) $ 0.482989
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 99,468.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,202.74
  • super-oethSuper OETH (SUPEROETH) $ 2,196.62
  • pyth-networkPyth Network (PYTH) $ 0.084248
  • flowFlow (FLOW) $ 0.304202
  • raydiumRaydium (RAY) $ 1.80
  • wrapped-hypeWrapped HYPE (WHYPE) $ 33.04
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,326.22
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,356.35
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,199.78
  • apecoinApeCoin (APE) $ 0.556886
  • decentralandDecentraland (MANA) $ 0.231982
  • kavaKava (KAVA) $ 0.405006
  • dexeDeXe (DEXE) $ 7.68
  • beldexBeldex (BDX) $ 0.060905
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999779
  • chain-2Onyxcoin (XCN) $ 0.012845
  • syrupMaple Finance (SYRUP) $ 0.405449
  • ripple-usdRipple USD (RLUSD) $ 0.999846
  • thorchainTHORChain (RUNE) $ 1.21
  • usddUSDD (USDD) $ 0.999613
  • compound-governance-tokenCompound (COMP) $ 45.25
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.998166
  • heliumHelium (HNT) $ 2.15
  • apenftAPENFT (NFT) $ 0.00000040
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.01
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 36.91
  • staked-hypeStaked HYPE (STHYPE) $ 33.24
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.147674
  • ketKet (KET) $ 0.375895
  • venomVenom (VENOM) $ 0.168126
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,193.61
  • neoNEO (NEO) $ 4.95
  • ecasheCash (XEC) $ 0.000017
  • based-brettBrett (BRETT) $ 0.035382
  • dydx-chaindYdX (DYDX) $ 0.435364
  • elrond-erd-2MultiversX (EGLD) $ 12.05
  • morphoMorpho (MORPHO) $ 1.10
  • stader-ethxStader ETHx (ETHX) $ 2,333.85
  • eosEOS (EOS) $ 0.464709
  • starknetStarknet (STRK) $ 0.099451
  • axelarAxelar (AXL) $ 0.329093
  • axie-infinityAxie Infinity (AXS) $ 2.01
  • justJUST (JST) $ 0.032596
  • sun-tokenSun Token (SUN) $ 0.016725
  • conflux-tokenConflux (CFX) $ 0.063496
  • build-onBUILDon (B) $ 0.317378
  • grassGrass (GRASS) $ 1.11
  • olympusOlympus (OHM) $ 19.37
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005468
  • global-dollarGlobal Dollar (USDG) $ 0.999734
  • fraxLegacy Frax Dollar (FRAX) $ 0.999170
  • ether-fiEther.fi (ETHFI) $ 0.847498
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.998077

From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

0 29

From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

Bitcoin’s hashrate hit a record-setting 943 exahash per second (EH/s) on May 31, but in the days since then, the network’s processing power has dipped by more than 75 EH/s.

Bitcoin’s Block Time Slows as Miners Buckle Under Difficulty Spike

Bitcoin miners wrapped up May on a high note, notching their best earnings since the fourth halving event in mid-April 2024. To cap it off, the network’s computing power—better known as hashrate—climbed to a record-breaking 943 exahash per second (EH/s) on the final day of the month. Fast forward a week, and the seven-day simple moving average (SMA) shows the hashrate has cooled to 868 EH/s, a drop of 75 EH/s.

From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

Total network hashrate SMA 7-days, since May 31 according to hashrateindex.com metrics.

Hashprice—essentially the daily value of one petahash per second (PH/s)—is still stronger than it was a month ago, though it’s slipped significantly since late May. On May 29, it hovered around $57.12 per PH/s, but has since fallen 7.53% to $52.82, based on hashrateindex.com data. One likely culprit? The difficulty adjustment that kicked in on May 30, pushing mining difficulty to a peak of 126.98 trillion.

From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record

Bitcoin’s difficulty according to hashrateindex.com.

A difficulty level of 126.98 trillion means bitcoin miners are aiming to generate a hash that falls below 1 out of 126.98 trillion possible values. As this number rises, so does the effort—mining a block demands more energy and computing muscle. Bitcoin’s built-in adjustment system helps maintain a consistent block production pace, tweaking the difficulty every 2,016 blocks to match shifts in the network’s hashing power.

When revenue per petahash (PH/s) declines and mining difficulty climbs, bitcoin miners feel the pinch from both directions. A dip in PH/s earnings means each slice of hashing power brings in less bitcoin—or cash—shrinking overall income. Meanwhile, tougher difficulty levels force miners to burn more energy and resources just to land a single block. This combo tightens profit margins, especially for those running lean or paying steep power bills.

Simply put, they’re making less while shelling out more to stay in the game. This likely put downward pressure on the hashrate. Right now, the average time between blocks is about 10 minutes and 23 seconds, meaning the 2,016-block cycle is progressing more slowly than usual. If this slower pace continues, it could trigger a difficulty reduction—and current estimates point to a potential 3.72% dip ahead.

Source

Leave A Reply

Your email address will not be published.