Bitcoin Network Computing Power Rebounds to 1.075 ZH/s
Bitcoin's hashrate rose to roughly 1.075 ZH/s on October 13, up from 1.003 ZH/s a day earlier. The recovery follows a 2026 slump tied to weaker mining economics, high electricity costs, and reduced revenue after Bitcoin's price correction. Mining profitability had been pressured, with hashprice hitting a record monthly low of $27.70 per petahash per second per day in June.
On Oct 13, Bitcoin's network computing power reached about 1.075 ZH/s, improving from 1.003 ZH/s the prior day. This followed a 2026 downturn linked to weaker miner economics, costly electricity, and lower revenue after Bitcoin's price fell from its Oct 2025 peak.
A CoinShares September report noted hashrate dropping from roughly 1,160 EH/s in Oct 2025 to 850 EH/s by early Feb 2026, nearly 27%. June hashprice averaged a record monthly low of $27.70 per petahash per second daily. Texas power costs, curtailments, winter issues, and AI competition for energy also pressured miners.
The rebound may offer limited relief to Bitcoin miners and their workers, especially those in regions with volatile power costs. If profitability stays weak, some operators could curtail operations or seek cheaper energy, potentially affecting local grids and communities. Investors may view the stabilization as a tentative sign, though it does not guarantee broader recovery. Energy competition with AI could also influence electricity demand and infrastructure planning.