Bitcoin network difficulty reaches a new high, squeezing miners' profits

Another adjustment to the Bitcoin network difficulty algorithm presents a new challenge for the mining industry. According to ChainCatcher analysts, the difficulty will increase from the current 149.3 trillion to 149.8 trillion during the next adjustment. This means that competition on the hash rate front will only intensify.

Margin pressure is increasing

Along with the rise in Bitcoin network difficulty, there is a critical drop in hashprice. The current revenue per day is only $38.3 USD per PH/s, dangerously close to historical lows. For most operators, this means operating below the breakeven point. Industry experts note that this combination—a simultaneous increase in network difficulty and a collapse in computing power prices—creates a critical situation.

Who will survive in the new conditions

The growing environmental pressure does not affect all miners equally. Large operators with optimized energy logistics may survive this period. However, small mining farms and operators with high electricity rates face a critical situation—many may be forced to shut down their facilities. Experts suggest that this wave of shutdowns will accelerate the redistribution of capacity within the industry in favor of more efficient players.

Industry restructuring is inevitable

The shrinking profitability amid rising Bitcoin network difficulty acts as a catalyst for structural changes. The exit of weaker players from the market will allow remaining operators to consolidate their positions and restore profitability through economies of scale. This could mark a turning point toward a more centralized and efficient cryptocurrency mining infrastructure.