Bitcoin mining difficulties fell by 14 per cent from their peak in the year, and for the second time in history, there was a similar negative increase

On 2 August, CoinDesk reported that the difficulty of mining Bitcoin had dropped to 126.23 T, down by about 14 per cent from its peak in January this year, down by about 1.1 per cent from last year, and for the second time in the history of the network, to negative growth. This downward adjustment has been driven mainly by the weak mining economy: the fall in the price of bitcoin, the continued compression of revenues, and the diversion of capital and electricity resources to AI and high-performance computing have together constrained the expansion of computing power. In addition, the disruption of electricity and other mining operations in Texas has had an impact. Although the difficulty has reduced some of the competitive pressure on the active miners, there has been no significant improvement in the revenue side. The calculator price (Hashprice) currently stands at $31.7/PH/day, while forward market data show that the average forecast as of December is $31.85, signalling a limited recovery in mineral revenues during the year。