In recent days, the mining of the Bitcoin network has reached an all-time high, making mining more difficult than ever before. At the same time, key indicators for measuring the profits of miners - – Hashprice fell to $44, a 28 per cent decline from the beginning of the year, close to what many industry people thought would be a profit-and-loss point or a worse 40-dollar level.

If this situation continues, it may pose a threat to network security, forcing miners to sell bitcoin to cover costs and promote greater centralization. These factors may affect the price stability of bitcoin and long-term confidence in its largest decentrized block chain.

Small miners have been hit hard.
“Hashi prices were squeezed with greater difficulty”, Eli Nagar, CEO of Braiins, stated to DL News that “short-term profit margins were tight, but stronger miners were able to cope.” Nagar pointed out that Hashi prices were only “breathing space” at $44, and most miners would like to see this figure rise back to $60.

In contrast to the boom in the encrypted currency market earlier this year, before Donald Trump took office, at that time, bitcoin and other major encrypted currencies were at an all-time high as a result of expectations for the deregulation of Trump and the support industry. However, as trade friction between China and the United States intensified, the price of encrypted currency fell and investor transactions decreased.

Differing views of industry leaders
Some worried market observers consider this to be a “survival threat” to the leading encrypted currency. There is, however, disagreement within the industry about the increasing difficulty of mining. Whenever the bitcoin network is difficult to record, supporters celebrate: “More miners, more competition, more trust in the coin”.

On the other hand, miners appear less optimistic. "Who will celebrate?" Nick Hansen, CEO of Luxor Mining, said, "Of course not the miners."

The plight of American miners
Bitcoin miners in the United States, in particular, are under pressure not only to face rising network difficulties but also to cope with the impact of external trade policies. As a result of increased import tariffs, the total tariff cost of new mining equipment exceeded 131 per cent. This, coupled with the low activity of the Bitcoin network and the inclusion of single transactions in the blocks, further exacerbated the industry ' s difficulties.

Future outlook
Despite many challenges, some remain optimistic. According to Nagar, greater difficulty means only more mining competition, “a long-term sign that miners remain confident and committed”.