Report: Despite Bitcoin mining difficulty increase, mining hashrate remains stable

Despite a small 1.4% increase in Bitcoin mining difficulty, the Bitcoin mining hash price (how much miners earn per unit of hashing power per day for mining blocks) remained at around $48 per PH/s. Data from CoinWarz shows that on March 23, at block 889,081, Bitcoin mining difficulty climbed to 113.76 PH/s, up from 112.1 PH/s in the previous cycle. As reported by TheMinerMag, hash prices below $50 can put financial pressure on miners running older hardware such as the Antminer S19 XP and S19 Pro. Older hardware, combined with falling network transaction fees, could push some miners into an unprofitable situation — forcing them to shut down their hardware until they upgrade their application-specific integrated circuits (ASICs) or network conditions change.