Bitcoin hashrate climbs to 819 EH/s despite revenue drop

Bitcoin’s (CRYPTO:BTC) hashrate has rebounded to 819.65 exahashes per second (EH/s) as of March 17, 2025, after dropping to 752 EH/s on February 25.

This marks a recovery of over 67 EH/s, demonstrating the network’s resilience despite declining miner earnings.

The current hashrate remains about 30 EH/s below its all-time high of 849 EH/s, recorded on February 8.

According to HashrateIndex, this recovery comes amid a notable drop in hashprice—the revenue miners earn per petahash per second (PH/s) daily.

On February 25, the hashprice was $53.89 per PH/s but has since fallen by 13.03% to $46.87 as of March 17.

Major mining pools continue to dominate the network.

Foundry leads with a hashrate of approximately 264 EH/s, followed by Antpool at 159 EH/s and Viabtc at 115 EH/s.

Together, these three pools account for about 65.63% of the total network’s computational power.

Between February and March, Bitcoin’s mining difficulty adjusted twice: first decreasing by 3.15%, then increasing by 1.43%.

Difficulty adjustments help maintain block production rates and reflect changes in mining activity.

Despite lower earnings, miners have continued operations, underscoring their commitment to Bitcoin’s proof-of-work system.

"Bitcoin miners are powering through revenue challenges, showing the robustness of the network," analysts noted.

The broader crypto market has seen mixed performance during this period.

While Bitcoin prices have fluctuated, the network’s growing computational strength signals continued investment in its security.

As mining pools consolidate their share of the network, concerns about centralisation risks persist.

However, Bitcoin’s adaptive difficulty mechanism and decentralised structure remain crucial in maintaining its integrity.

At the time of reporting, the Bitcoin (BTC) price was $83,208.32.