matthuang-1

Bitcoin's mining difficulty just did something that's only happened once before in the network's entire history — it fell below where it was a year ago. The metric now sits around 126.23 trillion, about 14% below this year's high, and roughly 19% off the all-time peak from November 2025. (CoinDesk) What's driving it isn't some one-off event, it's structural. Falling bitcoin prices, squeezed mining revenue, and a wave of capital and power getting redirected toward AI and high-performance computing are the main culprits, plus regional headaches like curtailments in Texas. Basically, mining BTC just isn't paying like it used to, so operators are either shutting rigs off or repurposing that electricity for something more profitable. The miner-revenue side backs this up too — hashprice dropped to $27.66 per petahash per day in late June, barely above its February low, before climbing back to around $31.7. Forward markets aren't pricing in much of a rebound either. Feels like we're watching a real shift in who's actually left mining bitcoin, and who's pivoting to chase AI money instead. Curious how many miners on here are feeling this squeeze directly — anyone adjusting their setup because of it? ⚠️ Not financial advice. Mining economics and difficulty data are highly dynamic — always verify current figures before making any operational or investment decisions. #BitcoinMiningDifficultyFalls14%FromYearHigh