Bitcoin mining difficulty drops 10% in 11th largest downward adjustment
Bitcoin mining difficulty fell 10.09% on Sunday, from 138.96 trillion to 124.93 trillion, one of the largest downward adjustments on record. The drop came after Bitcoin’s price slid about 15% in June, squeezing miner margins and causing some hashrate to go offline. The adjustment cycle lasted 15.6 days, longer than the usual 14, as network mining power declined. Current hashrate is about 886 EH/s, down 12% this month and 23% from its October peak. Lower difficulty means miners face less competition and can earn more per machine; hashprice has risen 13% to about $33 per PH/s per day. Efficient miners remain profitable, while older, higher-cost rigs may be shut down. The next difficulty adjustment is expected on June 27, with a small increase forecast.
