Bitcoin mining difficulty has dropped to 126.23T, down about 14% from its January peak and roughly 1.1% from a year earlier, according to Odaily. The report said this is only the second time in Bitcoin’s history that mining difficulty has posted a year-over-year decline.
Odaily attributed the latest adjustment mainly to weak mining economics. Bitcoin’s price decline and continued pressure on miner revenue have weighed on the sector, while capital and power resources have also been diverted toward AI and high-performance computing. The report added that power restrictions in Texas and operational disruptions at other mining sites also played a role.
Although lower difficulty has eased some competitive pressure for miners still operating, the revenue picture has not improved in a meaningful way. Hashprice currently stands at $31.7 per PH per day, while forward market data shows an average expectation of only $31.85 through December, pointing to limited room for a recovery in miner income this year.
Bitcoin mining difficulty has fallen to 126.23T, down about 14% from its peak in January and roughly 1.1% from a year earlier, according to Odaily. The report said this is the second time in the history of the Bitcoin network that mining difficulty has recorded a year-over-year decline.
Weak mining economics weighed on difficulty
Odaily said the latest difficulty adjustment was driven mainly by weak mining economics. Bitcoin’s price has declined, miner revenue has remained under pressure, and capital as well as electricity resources have been redirected to AI and high-performance computing, all of which have constrained hash rate expansion.
Power restrictions in Texas and other disruptions at mining sites also affected the move.
Revenue recovery remains limited
While lower difficulty has reduced some competitive pressure for miners that are still online, revenue has not shown a clear improvement. Hashprice is currently at $31.7 per PH per day, and forward market data shows an average expectation of only $31.85 through December, suggesting limited room for a rebound in miner income this year.
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