A question we hear often from people running easyBTX: my rig earns fewer coins than it did a month ago, is something broken? The short answer is no. Nothing is broken. What changed is the network around your rig, and the story of that change is one of the more interesting things happening on a young proof-of-work chain right now.
We looked at it the way an analyst would, working only from data anyone can pull: on-chain block difficulty from the public explorer, and public price and hashrate history. Every number below is approximate on purpose, because it is reconstructed from independent sources that agree within a few percent. No individual wallet or miner is identified anywhere in this article.
From the floor: BTX since genesis
BTX launched at genesis on 23 March 2026. The first blocks were mined at the network's minimum difficulty, a launch artifact rather than real competition. Genuine mining ramped up in early April at a few thousand nonces per second. From there the climb has been close to vertical.
Read that axis carefully, because it is logarithmic. Every gridline is ten times the one beneath it. On a normal linear axis this line would be invisible for months and then shoot straight off the top of the page. From roughly 5,000 nonces per second in early April to about 160 million now is an increase on the order of 30,000x. Even measured from early May, the network is up roughly 2,000x. This is not a chart of a network growing. It is a chart of a network erupting.
Price and hashrate move as one
Zoom in to the last 30 days and a second pattern appears. We indexed both the network hashrate and the BTX price to 100 at the start of the window, so the two can be compared on one scale.
The two lines are nearly the same line. Hashrate rose 39.4x, price rose 39.1x. This is not a coincidence, it is the mining equilibrium doing its job: when price rises, mining gets more profitable, so miners pour in, so difficulty rises until margins normalize again. Price pulls hashrate; hashrate follows price. On BTX, with a small base and fast blocks, that feedback loop is running in fast-forward.
This same growth is what secured the chain. Over these 30 days BTX proof-of-work difficulty went from about 0.02% of Bitcoin's to roughly 0.73%. A 51% attack costs whatever it costs to out-compute everyone else, and that bill grew by the same factor the hashrate did.
The twist: fewer coins, more value
Here is where it gets counterintuitive, and where the honest answer to "my rewards went down" lives.
The block reward is fixed: 20 BTX roughly every 90 seconds, split among all miners by hashrate. If the network grows faster than your rig, your slice of that fixed pie shrinks, even if your machine never slowed down. Over the four weeks below, a fixed cohort of miners saw their weekly BTX output fall about 85%, purely from dilution.
But coins are not the only ruler. The chart below shows the same four weekly payouts measured two ways, each indexed to its first week: once in BTX (coins earned) and once in USD (what those coins were worth when earned).
Same payouts. Two rulers. In coins the reward fell to about 15% of where it started. In value it rose to roughly 680% of where it started, because BTX's price climbed faster than the coin count fell. "Mining collapsed" and "mining had its best month" are both true, and they describe the identical set of rewards. Which one is right depends only on which ruler you hold.
What this means if you mine BTX
Two honest takeaways, no spin.
First, if you measure success in coins, expect the count to keep drifting down as long as the network grows faster than your hardware. That is not failure, it is dilution, and it is how every healthy proof-of-work network matures. The only way to hold your coin share is to grow your hashrate as fast as the network, which on a chain rising 39x in a month is not realistic for a home miner.
Second, the value figures are real but fragile. BTX is young and thinly traded. A price that rose 39x in a month can reverse hard, and a large stack cannot necessarily be sold at the quoted price. Every dollar or Bitcoin number attached to BTX here is a snapshot of an unrealized, volatile, paper value. Do not plan around it.
Put together, the rational stance is unglamorous: mine BTX if your power is cheap and you want to accumulate coins you are happy to hold, not because a spreadsheet promises a payout. Some miners are pausing right now because the coins earned are small next to their electricity and the other work their machines could do. Others are mining harder because they want the coins and believe in where the chain is going. Both are defensible. Both should be decided with the real numbers, which is why we published them.
How to verify all of this yourself
None of this requires trusting us:
- The hashrate curve is reconstructed from block difficulty. Pull any block from the public block explorer, read its difficulty, and apply the chain's retarget math to get the network rate at that moment.
- The 30-day price and hashrate series come from public BTX trackers, and the two independent methods agree within a few percent.
- The reward math is fixed and public: 20 BTX per block, one block roughly every 90 seconds, split by hashrate. Your share is your hashrate divided by the network's.
The growth is real, the dilution is real, and the value gain is real but unrealized. Facts over hype, in both directions.