Zetahash vs. vulnerable groups: turmoil in the Bitcoin mining industry in August

Bitcoin mining has achieved a historic milestone, with the 14-day moving average hash rate exceeding 1 Zeta hash per second for the first time, and the mining difficulty is about to exceed 140 trillion yuan. Large operators such as MARA, IREN, CleanSpark and Cango maintained a stable hash rate in August, while the hash rate of small miners such as Bit Deer, HIVE and Cipher has increased significantly, up to 40%. The competitive landscape is changing, and equipment manufacturers are increasingly deploying their own hardware amid slowing institutional demand.