Retirement declining due to the difficult market conditions

Bitcoin was declined for a few weeks. Reference Mobile average for seven days It was calculated by the Hashraate Index, after reaching the highest new level ever at 850 EH/S on February 8, just a few days after it has already returned to 812 EH/S.

Two days ago, he returned to 841 EH/s, but today he returned to 816.

Bitcoin retail records

World Bitcoin defeats are an estimate that measures the generally designated computing power in the world in Bitcoin mining.

It is measured in Exhash per second (EH/S), i.e. billions of billions of retail per second. Retail is the text chains that achieve the health of the blocks, and that miners randomly extract in search of the single chain that leads to the health of one block.

With the current level of difficulty, it is necessary to randomly extract billions on billions of retailers every second, all over the world, in order to determine approximately 10 minutes that confirm a new block.

A year ago, global retail Bitcoin It was slightly more than 550 EH/S, and in the beginning of October 2024, it rose to 625. With the bull run in November, then he rose for the first time on the date over 700 EH/S, and in December for the first time, it also rose above 800.

The highest level has ever reached at the beginning of February 2025, while the current levels are still in line with those in early January. In short, there is nothing to worry at all.

Difficult market conditions

The fact that this position for Bitcoin does not mean at all, it does not mean, however, that the same thing should also apply to miners.

In fact, for the smallest mining workers, and for those who have to have higher costs to buy electricity, the current market conditions are difficult.

Reference Bitcoin mining profitability From bitinfocharts, which is estimated at BTC mining profitability, current levels are definitely low.

A year ago, they reached $ 0.078 per bit/s, but by 2024, they already decreased to less than $ 0.05.

With Bullrun at the end of 2024, they approximately returned to $ 0.07, but starting at the end of December, the direction of growth was reflected.

However, it must be said that although the current values ​​have declined to less than $ 0.06, they still exceed $ 0.055, which is much higher than those in October. Just keep in mind that in September, they decreased to less than $ 0.04, which is practically its lowest level ever.

The cost of mining

The main cost that miners have to confront electricity. As is well known, bitcoin mining consumes a lot of electricity because it is a competition where the winner is the spaces that have more than retail. In fact, miners are stimulated to use the possible retail limit. However, with equal efficiency, more retail necessarily means consuming electricity higher.

The increases or decrease in electricity consumption in bitcoin mining in the first place depend on two factors: difficulty and efficiency of machines.

The first is directly related to the consumption of electricity, while the second is inversely linked.

However, while the difficulty varies every two weeks, the efficiency of machines improves only over time, with the time frames much longer. Thus, in the short term, only difficulty is really important.

Currently, the difficulty, after the increase in February 9, is at its peak, but it is likely to decrease in the following update (expected during the weekend) slightly.

I just think it was a year ago 81.7 tons, and even in October it was less than 95 T. Now, however, it is at 114 tablets that are less efficient.

Energy consumption

It should also be highlighted that the cost of electricity is not the same for everyone.

Those who can access large amounts of low -cost electricity can use less efficient machines, while those who have to pay more against electricity at this time are forced to turn off the operating of the lower efficient machines, and they have to use the latest generation, and more, more that Effective.

However, it should also be remembered that bitcoin protocol is not imposed at all, and in any case, a specific energy consumption. This consumption is only the result of independent and arbitrary decisions by miners, even if they are actually motivated to use the largest possible freezing, and thus consume the largest possible amount of electricity.

In a current current position, with continued height muds, energy consumption is also near historical highlands, although this means at least that low efficiency machines will be stopped.