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Writer's picturemeowdini

Bitcoin Mining Difficulty Drops as BTC Price Surges Above $57K

Bitcoin mining difficulty hits its lowest level since March, offering relief to major mining firms as BTC price surpasses $57K.

Bitcoin mining difficulty has decreased by over 5% to 79.50 terahashes (T), its lowest level since March. This adjustment comes as Bitcoin's price exceeds $57,000, providing significant relief to large mining operations.


A golden Bitcoin symbolizing the cryptocurrency's value and the recent changes in mining difficulty.
Golden Bitcoin representing the cryptocurrency's value amidst fluctuating mining difficulty levels.

Key Points:


Decrease in Mining Difficulty:

  • Bitcoin mining difficulty fell by more than 5% on July 5, hitting a quarterly low of 79.50T.

  • This marks the largest reduction in difficulty since March when it briefly dipped below 80T.


Historical Context:

  • Bitcoin mining difficulty spiked between March and May, reaching an all-time high of 88.10T.

  • Difficulty levels have been gradually declining since then.

  1. Hashrate Dynamics:

  • Mining difficulty is measured in hashrate, representing the computational power required to mine Bitcoin.

  • Hashrates are updated approximately every two weeks, with a historical trend of month-over-month growth.


Profitability Insights:

  • According to F2Pool, ASIC rigs with an efficiency rate of 26 watts per terahash (W/T) or better remain profitable as long as Bitcoin's price stays above $54,000.

  • If Bitcoin's price dips below this threshold, more efficient mining rigs will be required to maintain profitability.


Impact on Mining Firms:

  • The drop in difficulty and the surge in Bitcoin's price should provide a favorable environment for large mining firms, especially those benefiting from energy subsidies.



The recent drop in Bitcoin mining difficulty, coupled with the price surge above $57,000, offers a much-needed respite for major mining firms. This adjustment ensures that miners can continue operating profitably, fostering stability and growth in the Bitcoin mining industry.\


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