March’s monetary metrics reveal a $20 million contraction in bitcoin miners’ earnings relative to February. Concurrently, the hashprice—the theoretical day by day yield of 1 petahash per second (PH/s)—diminished by 3.93% from its early March benchmark.
Hashprice’s 3.93% Slide Meets 862 EH/s Frenzy
Recent information collected on April 1, 2025, by way of hashrateindex.com, illustrates a descent in hashprice from $48.84 per PH/s on March 1 to the present $46.92. This determine encapsulates the hypothetical day by day return for 1 PH/s of mining manufacturing. Regardless of the month’s downward trajectory, the hashprice oscillated dramatically, climbing to a peak of $54.38 in early March earlier than eroding to a trough of $44.05 by March 10.
Although income for 1 PH/s has contracted by 3.93% since March’s outset, it has rebounded by 6.52% from its March 10 low. Analyses reveal bitcoin miners suffered a $20 million shortfall in March income relative to February, per theblock.co’s dataset. February noticed miners garner $1.24 billion in earnings, $1.22 billion of which stemmed from the subsidy. March’s information displays $1.22 billion gathered, with $1.21 billion originating from the block subsidy.
Onchain charges contributed $16.45 million to February’s complete, whereas March logged $15.11 million from this stream. Furthermore, Bitcoin’s hashrate achieved an unprecedented pinnacle in March, hovering to 862 exahash per second (EH/s). Block intervals have clipped alongside at a brisker tempo than the 10-minute benchmark, with an anticipated issue adjustment slated for April 5, 2025.
In the meantime, the tip of March and early April has witnessed subdued onchain transactional throughput, with blocks languishing under capability throughout sunlight hours. This lull has compressed onchain charges to a mere 1-4 satoshis per digital byte (sat/vB)—translating to slimmer revenue margins for mining operations.
