Mỗi lần đào 1 coin lỗ 20.000 USD! Các thợ đào Bitcoin đang đổ xô bỏ chạy, "độ khó đào" giảm mạnh 7.8%

Bitcoin mining industry is facing severe challenges. As the price of coins drops and energy costs soar, coupled with rising geopolitical risks, many miners are caught in a “losing more the more they mine” dilemma.
Checkonchain’s “Difficulty Regression Model” (which estimates average production costs based on network difficulty and energy input) shows that as of March 13, the cost to mine one Bitcoin has surged to $88,000.

However, as of the time of writing, Bitcoin spot prices hover around $68,000. This means that for each Bitcoin produced, miners are incurring nearly $20,000 in losses; translating to a 21% loss per block mined.
Cost storms and geopolitical pressures: oil prices breaking $100 as a death knell
Since Bitcoin’s peak of $126,000 in October last year, dropping below $70,000, miners’ profit margins have been continuously squeezed; recent conflicts in Iran have become the final straw crushing profitability.
International oil prices have broken through $100 per barrel, directly increasing the massive electricity costs required for mining. As a result, about 8% to 10% of global hash power, located in regions highly sensitive to Middle Eastern energy supplies, is experiencing the most severe impact.

Adding to the woes, the Strait of Hormuz, which controls about 20% of global oil and gas transportation, is nearly at a standstill. Moreover, U.S. President Donald Trump issued a “48-hour ultimatum,” threatening to attack Iran’s power plants, triggering chain reactions in geopolitics that make miners’ situations even more precarious.
Online data issues warning: hash rate loss and block time delays
Signs of miners exiting the market are gradually reflected in network indicators.
Bitcoin mining difficulty recently decreased by 7.76% to 133.79 T. This is the second-largest drop of 2026 so far, after an 11.16% plunge in February due to the “Fern” winter storm. Currently, Bitcoin mining difficulty is nearly 10% lower than at the start of the year and far below the November 2025 peak of nearly 155 T.
Additionally, the total network hash rate has sharply retreated to about 920 EH/s, far below the astonishing record of 1 Zetahash (1,000 EH/s) set in 2025.
The loss of hash power has led to an increase in average block time to 12 minutes and 36 seconds during the last difficulty adjustment cycle, significantly longer than Bitcoin’s original 10-minute design.

Selling wave emerges: not just an industry crisis but a structural market risk
According to the hash price index released by Luxor Pool, which measures miners’ expected revenue per unit of hash power, the current “hash price” hovers around $33.30 per PH/s per day. This figure is almost at the breakeven point for most mining machines, just one step away from the $28 low recorded on February 23.
When costs exceed revenues, the only survival strategy for miners is to “sell Bitcoin for cash.”
This forced liquidation undoubtedly adds heavy selling pressure to an already weak market. Currently, about 43% of Bitcoin holdings are in loss, with major whales taking advantage of rebounds to offload at high points, and high leverage positions dominating price movements. In other words, the pressure miners face is not only an industry issue but is increasingly becoming a key factor influencing market structure.
Mining companies fight for survival: turning to AI and hash power transformation
Facing the “mine one day, lose one day” dilemma, listed mining companies are seeking diversification, extending their computational resources into artificial intelligence (AI) and high-performance computing (HPC) sectors to achieve more stable cash flows than mining. Major players like Marathon Digital and Cipher Mining have begun expanding data centers on existing mining farms.
According to CoinWarz data, the next difficulty adjustment is expected in early April, likely to further decrease. If Bitcoin prices fail to return to the $88,000 mining cost threshold, this “miners’ exodus” wave will inevitably continue to spread.