With Bitcoin remaining at around $116,000, the network’s hashrate is steadily moving towards record levels.
After reaching 976 exahashes per second (EH/s), the network’s computing power dropped below 900 EH/s just four days later. As of Monday, August 18, 2025, the global hashrate has increased again, reaching 966.08 EH/s.
Network hashrate data source: hashrateindex.com
The jump comes even as prices have fallen, leading to a decline in mining revenues: the price of hashrate has fallen 7% over the past five days. On August 13, the price of hashrate (the estimated cost of one petahash per second (PH/s) of mining power per day) was $60.61.
It currently stands at $56.37 per petahash/sec. The price of Bitcoin is not the only factor influencing miners: transaction fees currently make up less than 1% of the block reward, and over the last day they have been just 0.54%. Moreover, the growth of the hash rate has led to longer intervals between blocks, and the average time is now approaching ten minutes.
This implies that the upcoming difficulty adjustment will be approximately 0.13%, although this figure could easily change by the time of the August 22nd reassessment. With a hashrate of 966 exahashes per second (EH/s), the network is just 10 EH/s short of setting a new record.
While the price of Bitcoin and mining revenue fluctuate, the efficiency of the latest application-specific integrated circuit (ASIC) mining rigs continues to be high.
Source: cryptonews.net
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