The summer of 2025 reserves a technical surprise: it is not the price of Bitcoin that explodes, but its difficulty of mining. At the end of July, the network reached a historic record at 127.6 trillions, a technical summit revealing the computing power now mobilized to secure the protocol. This peak precedes an adjustment scheduled for August 9, supposed to have the curve down slightly. But behind these figures hides a much deeper economic logic. In an environment where rarity and profitability are intertwined, Bitcoin reminds us that its solidity is not measured in dollars.
In short
- The Bitcoin network mining difficulty reached a record of 127,600 billion in late July.
- An adjustment is scheduled for August 9 to bring this difficulty around 123,700 billion.
- Bitcoin remains twice as rare as gold, with 94 % of the offer already extracted.
- Minors receive up to $ 57,400 per Exehash, despite a BTC price down 3 %.
Absolute record: Bitcoin under calculation pressure
The difficulty of Bitcoin mining reached A new summit at 127.6 trillionaccording to Coinwarz. This indicator measures the complexity For minors of resolve a block. Clearly, the more the number climbs, the more competitive the network. This record level reflects an increase in global hashrate and the intensity of mining.
In June, The difficulty had temporarily dropped to 116.9 trillionbut the trend was reversed in mid-July.
THE next adjustment planned for the August 9 should lower the difficulty by 3 %, around 123.7 trillion. This correction is made necessary by a average block time currently too long: 10 minutes and 20 secondswhile the target protocol 10 minutes battery. This self -regulation guarantees that the network is neither too slow nor too fast.
The adjustment cycle, every two weeks, protects a bitcoin from excessive production, ensuring the stability of its emission calendar. The current record is not trivial: it translates a growing enthusiasm of minorsbut also a tension on profitability. This technical summit is therefore as much a feat as an alert signal.
Bitcoin, rarer than gold: the central role of stock-to-flow
Bitcoin has a secret: his Mathematical rarity. According to the stock-to-flow model popularized by the Planb analyst, the BTC today A ratio of approximately 120. This means that the current stock is 120 times higher than the new annual production. For comparison, gold caps around 60, and money even lower. The difference? Gold can be extracted without ceiling, while Bitcoin is limited to 21 million units. With 94 % already extractedspace for creation is reduced.
This is where the difficulty comes into the scene. By regulating the emission, it preserves rarity, key to value. This configuration protects bitcoin of tenders like those who have historically sealed the prices of money. The system is therefore thought of for limit the impact of new entrants to the priceunlike traditional metals.
It is this regulation that prompted institutions to consider Bitcoin as an asset refuge, even as a digital version of gold. But unlike gold, no industrial lobby can change production. It is mathematically locked.
Price tension: the paradox between profitability and market
Despite the record difficulty, Bitcoin's price fell by 3 % at the end of July. He fell to 112,680 dollars before bounced in $ 113,375. This correction comes as the network is more secure than ever. Difficult to believe? Not really. The market reacts to economic flows, not only to technical fundamentals.
In South Korea, the Kimchi Premium – difference between the local and global price – returned, reaching +0.84 %, which reflects an increased regional demand. Meanwhile, the Minor income jumped at 57,400 dollars by Exhash/Second/Daytheir highest level from Halving. This contrast reveals a discrepancy: the network is more efficient, but the market remains unstable.
Analysts point to a temporary decorrelation between rarity signals (stock-to-flow) and the Spot price.
Bitcoin therefore continues to widen the gap between its economic structure and its stock market performance. In this dynamic, minors adapt, optimize, and … collect. Here is what to remember in figures:
- 127.6 Trillions of difficulty: record reached in July;
- 123.7 trillion expected after the adjustment of August 9;
- 94 % of BTC already undermined;
- $ 57,400 of daily income per EH/S;
- 0.84 % Kimchi Premium on the South Korean market.
Despite a hashrate close to the historic summit, Bitcoin minors benefit from a return to stable profitability. The network remains secure, efficient and economically viable.
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