Bitcoin Mining Difficulty Rises Amid Stable Hash Price

According to Odaily, Bitcoin mining difficulty has increased by 1.4%, reaching 113.76 trillion at block 889,081 on March 23, compared to the previous cycle's 112.1 trillion. Despite this rise, the hash price, which represents miners' daily revenue per unit of hash power, remains stable at approximately $48 per petahash per second (PH/s). Data from CoinWarz highlights this trend. TheMinerMag reports that a hash price below $50 could financially strain miners using older hardware like Antminer S19 XP and S19 Pro. The combination of outdated equipment and declining network transaction fees may render some mining operations unprofitable, potentially forcing miners to shut down their hardware until they upgrade their application-specific integrated circuits (ASICs) or until network conditions improve.