Bitcoin miners are reportedly losing $19,000 per BTC produced due to a 7.8% drop in mining difficulty, which reflects reduced network competition but still insufficient profitability. The situation highlights ongoing economic pressures in the crypto mining sector, influenced by energy costs and Bitcoin's market price. This trend may lead to further consolidation and operational adjustments among mining firms.
Background
Bitcoin mining difficulty adjusts periodically based on network hashrate to maintain a consistent block time. Lower difficulty typically indicates reduced miner participation, often due to profitability challenges.
- Source
- Hacker News (RSS)
- Published
- Apr 11, 2026 at 09:22 PM
- Score
- 7.0 / 10