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GoMining: Bitcoin Network Enters a New Era of Zhash, 2026/02/05 13:02:01

Experts from GoMining have stated that the Bitcoin network has, for the first time in its history, entered the ZetaHash era; however, the profitability of mining companies has significantly declined.
According to GoMining, at the end of 2025, the average daily hash rate of the leading cryptocurrency remained above 1 ZH/s for a week. This increase in power was a result of extensive equipment upgrades and the expansion of data centers.
Currently, smaller players are gradually exiting the market, and the industry increasingly resembles the energy sector, characterized by high entry barriers, analysts noted.
“However, despite the unprecedented growth in computational power, revenue per unit of hash rate is decreasing. Miners’ earnings are now almost entirely reliant on the price of Bitcoin and the current network difficulty. Previously, temporary spikes in fees and bonuses for block discovery provided additional support, but today these ‘safety cushions’ have nearly vanished,” explained GoMining.
Following the last halving in April 2024, the situation worsened: the block reward decreased to 3.125 BTC, and transaction fees did not offset the loss of income, accounting for less than 1% of total payouts. Consequently, miners have become almost entirely dependent on fluctuations in Bitcoin’s price, experts noted.

Analysts emphasized that the current state of affairs renders the mining market more mature, professional, and simultaneously more sensitive to price fluctuations. This could intensify pressure on industry participants if the value of the leading cryptocurrency continues to decline.
Previously, specialists from the crypto asset management hedge fund Capriole Investments reported that in January, the average costs for mining companies to extract one Bitcoin reached $74,300.