⛏️ Bitcoin miners may soon get some breathing room — but that’s not necessarily good news
Bitcoin mining difficulty is expected to drop by around 7.7% in the November 13 adjustment, the biggest decrease since June. The reason is simple: blocks are coming in slowly, averaging about 10.8 minutes instead of the 10-minute target, as hashrate fluctuates around 1 ZH/s and sometimes dips below it.
Difficulty currently stands at 148.36T and is expected to fall to around 137T. If the BTC price stays flat, this drop will increase revenue per unit of hashrate by about 8% — hashprice is currently just around $32–35/PH/day, a level that leaves many older rigs barely breaking even. But publicly listed miners are still selling BTC to repay debt and gradually shifting toward leasing AI infrastructure, so this “breathing room” may only be temporary.
BTC is currently around $71,300, down 3.7% in 24 hours. ETH is near the $2,000 mark, and the Fear & Greed Index is at 28 (Fear).
The biggest loser among the top 100 today: $QNT (Quant), down 9.78% to $163.65.
Do you think this difficulty drop will help hashrate bounce back above 1 ZH/s, or will miners keep selling? 👇
#CryptoNews #Bitcoin #BTC #Mining
📌 Market information, not investment advice.
Bitcoin mining difficulty is expected to drop by around 7.7% in the November 13 adjustment, the biggest decrease since June. The reason is simple: blocks are coming in slowly, averaging about 10.8 minutes instead of the 10-minute target, as hashrate fluctuates around 1 ZH/s and sometimes dips below it.
Difficulty currently stands at 148.36T and is expected to fall to around 137T. If the BTC price stays flat, this drop will increase revenue per unit of hashrate by about 8% — hashprice is currently just around $32–35/PH/day, a level that leaves many older rigs barely breaking even. But publicly listed miners are still selling BTC to repay debt and gradually shifting toward leasing AI infrastructure, so this “breathing room” may only be temporary.
BTC is currently around $71,300, down 3.7% in 24 hours. ETH is near the $2,000 mark, and the Fear & Greed Index is at 28 (Fear).
The biggest loser among the top 100 today: $QNT (Quant), down 9.78% to $163.65.
Do you think this difficulty drop will help hashrate bounce back above 1 ZH/s, or will miners keep selling? 👇
#CryptoNews #Bitcoin #BTC #Mining
📌 Market information, not investment advice.
