Bitcoin Mining Difficulty Decreases by 14%, Second Historical Year-on-Year Negative Growth

The Bitcoin mining difficulty has dropped to 126.23 T, down approximately 14% from the peak in January this year, and down about 1.1% year-on-year compared to last year, marking the second occurrence of year-on-year negative growth in history. This difficulty adjustment is primarily influenced by a weak mining economy, including the decline in Bitcoin prices, continuous compression of income, and the diversion of capital and electricity resources to AI and high-performance computing fields. Additionally, power restrictions in Texas and other operational disruptions in mining areas have also impacted mining activities. Although the decrease in difficulty has alleviated some competitive pressure on miners, there has been no significant improvement in income. Currently, the hash rate price is $31.7 per PH per day, and forward market data indicates an average expectation of only $31.85 until December, suggesting limited room for recovery in miner income this year.

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