Bitcoin Mining in Trouble: Bitcoin Network Difficulty Reaches New High, Miners' Profits Severely Squeezed

The Bitcoin mining industry is facing a double squeeze. According to the latest report from ChainCatcher, the Bitcoin network difficulty is expected to rise from 149.3 trillion to 149.8 trillion, marking a record adjustment that will further raise the market entry threshold. Meanwhile, the hashprice indicator has fallen close to historical lows, with miners’ unit hash rate daily earnings dropping to about $38.3 per PH/s, a figure that is approaching or even below most miners’ break-even costs.

Bitcoin Network Difficulty Breaks Boundaries, Competition Becomes Fiercer

In the next difficulty adjustment cycle, the Bitcoin network difficulty is expected to increase by hundreds of billions. This means miners need to invest more hash power to achieve the same mining rewards. Industry insiders point out that this continuous rise in difficulty directly reflects enhanced network security, but also significantly increases the cost of participation for miners.

Hashprice Collapse, Miners’ Profit Margins Disappear

The decline in earnings is even more concerning. The current hashprice level is near its all-time low, with daily earnings of $38.3 per PH/s, putting many miners under pressure. This price point already represents a loss boundary for miners with high electricity costs, and the impact on small independent miners is even more severe. Analysts warn that if this situation persists, small and medium-sized miners or operators with high electricity costs may be forced to shut down their equipment.

Industry Shakeout Begins, Resources Concentrate in Giants

The high difficulty of the Bitcoin network combined with the low hashprice is accelerating the淘汰 of less competitive players. Large mining pools and institutional miners, leveraging cost advantages and financial strength, will further expand their market share, while small miners lacking capital support will gradually be pushed out. This trend indicates that Bitcoin mining is entering a more centralized phase, and a reshuffle of the industry landscape has already begun.