Bitcoin’s mining power was vigorous this week. Hashrate has fallen to about 660 EH/s, the lowest level since the summer of 2024, and has soared more than 30% in one day and has risen to more than 1000 EH/s.
According to the mining tracker, these big swings emphasize how weak work can be when external factors move. The price of the BTC also increased to $ 107,000 or more, to more than $ 107,000.
Hashrate plummet in global tension
According to the report, the decline in 660 EH/S matched Iran’s strike and Iran’s counterattack. Some miners in the area seem to have supplied power by preventing measures. Iran once had nearly 4%of the total hashrate, but now the market share is close to 0.10%.
Meanwhile, US -based operations still account for more than 35% of the world’s mining power.
The weather and power costs were hit by miners.
Texas’s severe heat wave also played a role. When the temperature rises, thousands of leagues are expensive. At the same time, hydroelectricity in some areas in China and Canada tends to decrease in summer.
As a result, some facilities are forced to block equipment rather than loss. Miners often use idle capacity to balance the local power grid or absorb additional energy when the supply is high.
The new data center suddenly rebounds
Then I jumped yesterday. After the scheduled maintenance or test, some large “next -generation” data centers have returned the league again. When the large site is reconnected, you can see the network power suddenly collides.
Reporting delay can exaggerate the size of the jump at first, but the network is still close to a record high after modifications. This pattern shows how some adjusted movements by the main pool can spread through the entire network.
Difficulty cuts provide relief to miners.
In June, the network difficulty decreases by about 8.5%, making it easier for the equipment to find the block. Based on chain data, the cost of 1 BTC is now near $ 98,000. When the price takes about $ 107,000 to $ 108,000, it offers some breathing space for many surgery.
We look forward to network stability
Bitcoin’s mining scenes are organized at any time and are sensitive to costs. Small changes in power costs and weather can be pushed offline and withdrawal when the conditions are improved.
As the price pops out and the difficulties change, the miners continue to be adjusted. Based on these swings, the primitive computing power of the network is always ready to respond to everything that comes next.
Chart of TradingView, the main image of Unsplash
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