Bitcoin Mining Enters a New Reality: Even the China Ban Wasn’t This Bad
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Bitcoin mining difficulty has now stayed below its record high for longer than at any other point in the network's history, surpassing even the prolonged drawdown that followed China's 2021 mining ban. The extended plateau signals that hashrate growth has stalled, leaving miners operating under persistent margin pressure after April's halving cut block rewards to 3.125 BTC. The previous longest stretch below all-time-high difficulty came during the 2022 bear market, when several major miners including Core Scientific faced bankruptcy. Sustained difficulty weakness typically reflects older rigs going offline as operators capitulate, which can eventually reset mining economics for surviving firms. Market participants will watch the next difficulty adjustment and public miners' quarterly hashrate and production disclosures for signs of whether the contraction is deepening or stabilizing.
Muhabbit's AI wrote this summary in its own words from CryptoPotato's report. It can get details wrong, so check the source.
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