$BTC Mining Difficulty Drops 7.5% in Biggest Fall Since China Ban


$BTC mining difficulty has fallen 7.5% to 116.96 trillion, marking the largest negative adjustment since July 2021.


The drop occurred at block height 903,168 following a #hashrate decline from 902 EH/s to 838 EH/s.


Blocks were being mined every 10 minutes and 38 seconds, slower than the target 10-minute average.


The adjustment exceeds the 7% drop during December 2022 bear market lows but remains far below 2021's 28% crash.


Texas miners likely curtailed operations during summer heatwaves in exchange for lucrative energy credits.


Grid operators incentivized #mining scale-backs to manage electricity demand during peak usage periods.


Hashprice jumped back toward $60 per PH/s per day, providing temporary relief for remaining miners.

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June 30, 2025 at 6:56 PM
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