Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 3.58%, setting a new record at 92.67 T.
The average hash rate since the previous adjustment was 662.34 EH/s, with the inter-block interval reduced to 9 minutes and 40 seconds.
According to Glassnode, the smoothed 7-day moving average of the network’s computational power reached a peak of 693.9 EH/s on September 8, before correcting to 672.3 EH/s.
Data from Hashrate Index indicates that amid the rising mining difficulty, the hash price fell from $41 per PH per day to $39 over the past 24 hours.
In August, the total revenue of the first cryptocurrency’s miners amounted to $827.56 million, the lowest figure since September 2023.
Before the April halving, CoinShares experts suggested that industry participants might offset reduced mining profits by expanding into the AI sector.
Miners could generate approximately $13.9 billion in additional annual revenue if they allocate 20% of their energy capacities to high-performance computing, according to VanEck.
Analysts at Bernstein believe that the potential of cryptocurrency miners in the AI segment is a primary reason for institutional investors’ interest in them.