Bitcoin’s community hashrate has slipped beneath 1 zetahash per second for the primary time in 4 months, whilst miner economics have proven indicators of enchancment.
The seven-day transferring common hashrate sits round 993 EH/s, after dipping underneath 1,000 EH/s on Saturday.
That stage is down practically 15% from the seven-day transferring common peak of 1,157 EH/s recorded on Oct. 19.
AI pivot and energy competitors
StandardHash CEO Leon Lyu stated the decline displays miners reallocating electrical energy towards AI compute providers seeking higher margins.
Lyu wrote in a Monday put up:
“The Backside Line: Whereas producers are plugging in their very own surplus inventory, the online outflow of hashrate confirms the immense stress on miner profitability. AI isn’t only a development; it’s actively competing for the grid.”
He additionally speculated that some producers, together with Bitmain, could also be deploying surplus machines by opaque or oblique preparations.
Lyu stated that would imply publicly reported hashrate information might understate precise capability.
Issue and hashprice transfer in miners’ favor
The hashrate drop comes as mining issue has fallen 4 occasions since Nov. 12, 2025, from 156 trillion to 146.5 trillion.
Decrease issue reduces the computational work required to discover a block.
In the meantime, bitcoin hash worth rose over the previous month, from $37.15 to $40 per PH/s per day, signaling improved mining profitability.
Mining economics after the halving
Miner stress has remained a theme since the newest block subsidy halving, which reduce per-block issuance.