Bitcoin miners are finally seeing meaningful relief after months of compressed margins. Daily industry revenue has climbed from roughly $27 million at July's lows to as much as $48 million, while hashprice briefly returned above $40 per PH/s/day. The catch: network hashrate is rapidly approaching 1 ZH/s again.
Bitcoin's mining difficulty fell by just 0.03% on October 3, settling at 132.72T. The unusually small adjustment followed a 4.16% increase in the previous epoch and leaves miners competing at nearly the same difficulty level.
The Middle East remains caught between diplomacy and further military escalation. For Bitcoin miners, the most important transmission channel is likely to be energy: a broader disruption could affect electricity costs, logistics and regional uptime before it has any direct impact on the Bitcoin network itself.
Bitcoin climbed above $85,000 on Monday, reaching its highest price since January. Improving risk sentiment, lower oil prices and renewed interest in crypto markets helped extend a recovery that has gathered pace since late August.
A new CoinShares report shows that Bitcoin mining is still adjusting after a difficult first half of 2026. Network hashrate remains well below its long-term trend, while tighter mining margins are pushing several large operators to devote more power and infrastructure to AI and high-performance computing.
Bitcoin mining conditions remain challenging as hashprice stays close to $32 per PH/s/day despite a modest recovery in network hashrate. The Bitcoin network’s seven-day average hashrate reached approximately 920 EH/s, while transaction fee contribution declined and another small difficulty increase is currently projected.
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