Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Mining Difficulty Hits Record High Amid Volatility and Centralization Concerns

Bitcoin Mining Difficulty Hits Record High Amid Volatility and Centralization Concerns

CointribuneCointribune2025/09/07 16:15
By:Cointribune

Bitcoin mining difficulty touched a new all-time high as the crypto market descended into volatility following the latest US job data. After hitting an all-time high (ATH) in August, market commentators projected that the difficulty of Bitcoin mining would decrease. However, the mining difficulty has steadily increased as the month progressed, with large players dominating the space.

Bitcoin Mining Difficulty Hits Record High Amid Volatility and Centralization Concerns image 0 Bitcoin Mining Difficulty Hits Record High Amid Volatility and Centralization Concerns image 1

In Brief

  • Bitcoin mining difficulty reached an all-time high of 134.7T, even as the network hashrate dipped from its recent peak.
  • Increased costs push mining toward larger firms, raising concerns about Bitcoin network centralization risks.
  • Despite competition, three solo miners successfully mined blocks, earning over $1M in rewards across July and August.
  • BTC trades at $111,100, slightly down after hitting $113,000 following the release of the US jobs report.

Mining Difficulty Hits Record High as Hashrate Declines

Bitcoin mining difficulty climbed to a fresh all-time high of 134.7 trillion on Friday, as the apex asset witnessed volatility during the trading day. Mining difficulty measures how hard it is for miners to add a new block to a blockchain network. 

While the BTC mining difficulty surged, the blockchain’s hashrate has traveled in the opposite direction. As spotted by CryptoQuant, the Bitcoin hashrate has dropped to 967 billion hashes per second after touching an ATH of 1 trillion hashes per second early last month.

Bitcoin Mining Difficulty Hits Record High Amid Volatility and Centralization Concerns image 2 Bitcoin Mining Difficulty Hits Record High Amid Volatility and Centralization Concerns image 3

In an already highly competitive industry, large firms are increasingly feeling the heat of the heightened operational rigor. Mining firms are now committing more resources to meet the computational requirements to mine blocks on the network.

Market commentators are now beginning to raise questions over the centralization of Bitcoin mining. The increased mining cost means that large firms with strong financial bases and mining pools are now leading the sector.

Solo Bitcoin Miners Score Rare Wins, Earning Over $1M in Block Rewards

Even though large miners continue to dominate the Bitcoin mining space, small and private miners are still recording occasional successful outings, such as claiming the 3.125 BTC block reward, which is valued at over $344,000 at current market rates.

Notably, three solo miners led the market after updating blocks on the BTC ledger to claim the block reward in July and August. On July 3, the  first miner added block 903,883 , raking in about $350,000 in block subsidy rewards and priority network fees.

Two weeks later, the second solo miner added block 907,283, pulling in $373,000 in reward when measured using BTC’s market rate at the time. Last month, another solo miner mined block 910,440 , netting $356,000 in block subsidy rewards and fees paid by network participants.

At the time of writing, Bitcoin is trading at $111,100, down about 1.60% from its Friday high of $113,000, which followed the release of the US jobs report.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Interviews for 11 Federal Reserve Chair candidates begin today—how will Trump choose?

The list of candidates for the Federal Reserve Chair has been announced, featuring 11 elites from various political and business sectors. The market is paying close attention to the independence of monetary policy and the candidates' stances on crypto assets. Summary generated by Mars AI Model. The accuracy and completeness of this generated content are still being iteratively improved.

MarsBit2025/09/07 18:19
Interviews for 11 Federal Reserve Chair candidates begin today—how will Trump choose?