Bitcoin: Miners' revenues rebound, but the hashrate does not follow
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Bitcoin is regaining strength, but the mining network is moving cautiously. In one month, the hashprice increased by 22.24%, driven by the increase in price. However, the hashrate remains below 1 ZH/s, while the difficulty has increased again. This situation creates a gap between potential revenue and committed computing power. For miners, the next adjustments will above all make it possible to measure whether this improvement can support a sustainable recovery in network capacity.

Bitcoin miners facing the evolution of mining revenues and a hashrate which remains below 1 ZH/s.

In brief

  • The mining hashprice increases by 22.24%, reaching $39.63 per PH/s per day.
  • The hashrate remains below 1 ZH/s, at 934 EH/s, despite the improvement in revenues.
  • Mining difficulty increases by 1.31%, reaching 127.45 trillion.
  • Fees represent just 0.43% of rewards, leaving miners heavily dependent on the price of bitcoin.

Bitcoin: difficulty continues to rise

Mining difficulty increased by 1.31% at block 965664. It reached 127.45 trillion. Since January, the protocol has recorded 18 changes. This development constitutes the eighth increase in 2026.

The mechanism aims to maintain a pace close to ten minutes between two blocks. When miners produce faster, the network rises to the challenge. Conversely, a drop in power results in an opposite adjustment. The system thus adapts the production conditions.

The protocol makes this adjustment every 2016 blocks. The last period ended more quickly, explaining Saturday’s increase. Despite this progression, the difficulty remains below its level at the start of the year, established at 146.47 billion according to data from coinwarz.com. It thus shows a decline of 13%.

Graph showing the evolution of Bitcoin mining difficulty between March and September 2026.Graph showing the evolution of Bitcoin mining difficulty between March and September 2026.
Bitcoin mining difficulty has been declining overall since March 2026, despite several upward adjustments. Source: coinwarz.com.

Eight increases versus ten decreases in 2026

Since the start of the year, bitcoin has evolved with varying difficulty. The eight increases together represent an increase of 33.34%. However, the ten declines reach a cumulative variation of -45.27%. These moves bring the difficulty down to -11.93%.

The start of 2026 saw several changes in mining conditions. Spring maintained a bumpy, slightly negative trajectory. A significant drop occurred in mid-June. Since July, the network shows weak adjustments.

This lull comes as mining revenues increase. It underlines a measured reaction of computing power. Miners therefore have a more favorable context, without a comparable increase in hashrate. The next cycle will show its evolution.

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The hashprice jumps, the hashrate remains below 1 ZH/s

The price of bitcoin rose significantly last month. The hashprice reaches around $39.63 per PH/s per day. It was around $32.42 thirty days ago according to hashrateindex.com. Its progression reached 22.24%.

Despite this improvement, the hashrate remains below 1 ZH/s. It stands at 934 EH/s, while 1 ZH/s corresponds to 1,000 EH/s. The network is therefore not yet showing an equivalent increase. This gap distinguishes revenue and mining.

This difference between income and hashrate shows the caution of miners. Fees remain very low, with only 0.43% of total rewards coming from 24-hour fees. Revenues remain heavily dependent on the price of bitcoin. Profitability remains linked to the market.

Bitcoin: signals still dependent on the market

Data shows that mining revenue remains tied to price. The increase in hashprice improves the daily value produced per unit of power. However, the stable hashrate does not yet reflect a visible expansion. The network maintains power below 1 ZH/s.

This situation may also reflect constraints linked to the available equipment. Miners must deal with a power which remains at 934 EH/s. At the same time, low fee income limits another source of remuneration. These elements link mining to the market.

The next market movement will allow us to observe the reaction of mining activity. A marked change in price could reveal the tensions between profitability, difficulty and power. The indicators describe an improvement in revenue, with limited progression in the hashrate. The next adjustment will bring a new item.

The next adjustment period will clarify whether the rebound in hashprice can change the power of the network. Bitcoin maintains improving mining revenues, but the hashrate still does not confirm this recovery at this time.

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