Bitcoin mining hashprice remains steady despite higher difficulty, causing financial strain on older hardware

From Cointelegraph

March 23, 2025 2:51 PM:

Bitcoin mining hashprice remains steady at $48 per petahash despite a 1.4% increase in difficulty to 113.76 trillion. Older hardware like the Antminer S19 XP and S19 Pro face financial strain. Miners may need to upgrade ASICs due to declining transaction fees and market downturn post-2024 halving event.

Publicly listed Bitcoin mining companies lost 22% of share value in February 2025 according to JPMorgan. Diversification into AI and data centers not enough to offset mining losses. DeepSeek R1 release pressures large AI data centers. Rising network hashrate increases competition among miners amid fears of US-Canada trade war.

Read more at Cointelegraph: Bitcoin mining hashprice stays flat despite higher difficulty: Report