Bitcoin Mining Profitability Surges Despite Rising Network Difficulty

According to Odaily, recent data from Glassnode reveals that Bitcoin miners have experienced a threefold increase in profitability, even as network difficulty continues to rise. The latest results from the Bitcoin Difficulty Regression Model estimate the cost of mining one Bitcoin to be approximately $33,900. However, this profitability is tempered by increasing competition among miners, as hash rates steadily climb during bull markets. Glassnode data indicates that revenue per Exahash is $60,800. CoinWarz reports that a year ago, Bitcoin's hash rate was around 600 EH/s, and it now generally ranges between 700 EH/s and 900 EH/s.