Why Bitcoin’s hashrate explosion could squeeze public miners next
On Sep. 23, Bitcoin’s hashrate set a new all-time high of 1,073 EH/s. Over the last month, raw compute rose about 21%.
Over the last quarter, roughly 70%. Over the last year, the curve went vertical, up around 675%.
Hashrate used to be a chart for miners and protocol nerds. Now it reads like a capital expenditure scoreboard for an industry you can trade.
Let’s answer the basic question quickly: What is hashrate, and why should anyone outside a mining warehouse care?
Hashrate is the total computational effort pointed at Bitcoin’s proof-of-work: i.e., how hard it would be to outvote the network and rewrite the ledger. More hashrate makes an attack more expensive and less practical. But the more interesting angle isn’t just “safety”; it’s what this says about the scale of the industry behind it.
You don’t get a zetahash without years of setting up facilities, installing transformers, hauling in container loads of machines, and locking in energy contracts big enough to power entire towns. Every uptick on this line is money and engineering showing up in the real world.
Mechanically, the protocol keeps block cadence steady by raising or lowering difficulty every 2016 blocks, like a treadmill that speeds up when the runners get stronger. When hashrate jumps like it did into September, the treadmill kicks faster on the next epoch or two, and margin gets tighter.
That feedback loop drives the business: machines come online, blocks arrive too quickly, difficulty adjusts, and unit economics compress until only the most efficient operators keep their edge. The protocol is agnostic; it doesn’t negotiate. Miners either hit their power price and fleet-efficiency targets or they get pushed to the back of the line.
The latest daily print set a fresh high around 1,073 EH/s. The past 30 days added roughly 184 EH/s at the peak of the run-up, an absolute jump big enough to have counted as the entire network not long ago.
Graph showing Bitcoin’s hash rate from Sep. 26, 2024, to Sep. 25, 2025 (Source:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Exchanges Call on SEC: Deny Exemptions to Maintain Fairness in the Market
- WFE warns SEC against broad crypto exemptions for tokenized stocks, citing risks to investor protections and market integrity. - Tokenized stocks lack dividend rights, voting access, and custody frameworks, creating "mimicked products" with weaker safeguards. - SEC's sandbox-style exemptions risk regulatory arbitrage, allowing crypto platforms to bypass rules enforced on traditional exchanges. - Global bodies like IOSCO warn tokenization amplifies data integrity and custody risks, urging unified standard
Decentralized AI Network Cocoon Takes on Centralized Titans with a Privacy-Centric Approach
- Telegram founder Pavel Durov launched Cocoon, a TON-based decentralized AI network enabling GPU owners to earn cryptocurrency by processing private AI requests. - The platform challenges centralized providers like Amazon and Microsoft by using Trusted Execution Environments (TEEs) to ensure secure, verifiable model execution with user data privacy. - Cocoon connects GPU providers with developers for confidential tasks, reducing reliance on costly intermediaries while aligning with ethical AI principles t
Ethereum News Update: Fusaka Upgrade Signals New Era of Unified Scaling for Ethereum
- Ethereum's Fusaka upgrade (Dec 3, 2025) introduces PeerDAS and BPO forks to enhance scalability via reduced data verification costs and incremental rollup capacity expansion. - Gas limit raised to 60M through "Pump The Gas" initiative lowers fees and congestion, while L2 data costs could drop 40-60% to boost developer adoption. - EIP-7917/7951 improves security and UX with deterministic finality and P-256 signatures, aligning Ethereum with fintech standards while reducing node storage demands. - Upgrade
UAE's regulatory initiatives set the stage for a surge in institutional DeFi adoption
- DWF Labs commits $75M to DeFi projects enhancing institutional-grade infrastructure across Ethereum , BNB Chain, and Solana . - UAE's new Central Bank Law mandates licensing for DeFi protocols, balancing innovation with regulatory oversight and consumer protection. - Doma Protocol and ORA introduce liquid domain trading and cash-flow-driven models, expanding DeFi's functional scope beyond speculative tokenomics. - Institutional adoption faces hurdles including regulatory uncertainty, smart contract risks
Trending news
MoreCrypto prices
More
