The Bitcoin network is experiencing a significant surge in hashrate, reaching an estimated 110.455 EH/s as of October 16, 2025. However, this increase in computational power comes with challenges for miners, as revenue continues to decline amidst fluctuating market conditions. The source reports that miners are facing increasing operational costs, which further complicates their profitability.
Mining Revenue Under Pressure
Despite the hashrate nearing its record high, mining revenue is under pressure, with the hashprice dropping to approximately 4,792, a notable decrease from 5,385 in mid-September. This decline in profitability is raising concerns among miners, who are already facing longer block confirmation times, now averaging 10 minutes and 21 seconds.
Future Challenges for Miners
Looking ahead, analysts predict a staggering 339% increase in mining difficulty by the end of October. This anticipated rise could pose additional challenges for miners, particularly if market conditions do not show signs of improvement. The combination of high hashrate and declining revenue may force many miners to reassess their operations in the coming weeks.
In a significant move, the Kenyan government has suspended the Worldcoin project due to data privacy concerns, highlighting the ongoing tension between innovation and personal data protection. For more details, see Worldcoin suspension.
