The post Bitcoin hashprice at $48: Will it hold despite difficulty rise and fee slump? appeared on BitcoinEthereumNews.com.

Bitcoin mining hashprice has stabilized at $48 despite rising difficulty and falling transaction fees. A projected 4.3% difficulty drop may provide short-term margin relief. Bitcoin’s [BTC] mining hashprice has stabilized at $48 per petahash per second (PH/s), following a 1.4% rise in difficulty to 113.76 trillion at block 889,081 on the 23rd of March. Source: Hashrate Index The increase came as the network hashrate dropped below 800 EH/s, reversing a brief rise to 840 EH/s earlier this month. That’s not the only metric tightening miner profitability. A recovery in price, but not in pressure Bitcoin’s price dipped to $80,000 on the 10th of March, recovering to $85,172 by the 24th of March. But the hashprice remains under the $50 threshold many miners rely on for sustainable operations. Daily mining revenue reached $39.23 million, a slight rebound from the $36.27 million low earlier in the month. Source: Braiins Still, revenue has declined 17% since December, when miners earned over $47 million daily. Fees vanish, margins vanish faster Transaction fee income has also dried up. As of the 24th of March, fees made up just 1.12% of block rewards, the lowest share since January 2022. Per-block fee income now averages 0.04 BTC, removing a key revenue stream for miners during price weakness. Source: Braiins. The pressure has pushed many operators toward efficiency upgrades. Older-generation machines like the Antminer S19 XP and S19 Pro now yield $0.088 and $0.067 per kilowatt-hour, which falls below typical electricity rates in many regions. That puts thousands of units at risk of becoming unprofitable. Meanwhile, newer models continue to perform. According to Braiins, rigs like the Antminer S21 Hyd still deliver over $4.50 in daily earnings, offering greater margin protection under current hashprice conditions. But the difficulty rise complicates matters. Difficulty climbs, but timing betrays the miners…

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Filed under: News - @ March 25, 2025 3:25 am