"Breathing Room as Difficulty Drops"...Bitcoin Mining, Profit Rebound Signal ON

▲ Bitcoin (BTC), Mining/ChatGPT generated image

The Bitcoin (BTC) mining market has finally found some breathing room. With mining difficulty decreasing and profit indicators rising simultaneously, the sentiment on the ground is that it's a "short but definite recovery period."

According to cryptocurrency media outlet NewsBitcoin on the 20th (local time), Bitcoin mining difficulty was adjusted to 135.59 trillion on the 17th, a decrease of 2.43% compared to the previous adjustment. This marks a break from the 3.87% increase seen in the previous cycle. It is the fifth downward adjustment this year. Lower difficulty means less computational burden to find blocks. From a miner's perspective, the probability of achieving results with the same equipment has increased.

What is garnering more attention in the field is profitability. Hashprice, a key indicator for gauging mining profits, has risen by 13.65% in the past month. This indicator, representing the expected daily profit per 1 petahash (PH/s), typically moves in tandem with Bitcoin price trends. However, this time, the improvement coincided with a drop in difficulty, making the impact feel more significant. An analysis suggests that a mining industry official commented, "The cost structure hasn't changed much, but it feels like there's breathing room on the revenue side."

However, the overall competitive intensity of the network remains high. The total hashrate continues to hover above 1 zetahash (ZH/s). As the computational competition is fierce, the block creation speed has also accelerated. The current average block creation interval is approximately 9 minutes and 35 seconds, which is shorter than the usual standard. While this can be seen as the network balancing itself, if this trend continues, there is a high possibility that upward pressure will increase again in the next difficulty adjustment.

On-chain trends are also not fully recovered. While transaction activity shows signs of recovery after passing through a stagnant period in 2025, the fee market remains quiet. The average fee remains around 1 satoshi per virtual byte, and the proportion of fees in the total block reward is only 0.45%. Ultimately, miner profits still depend on block rewards and Bitcoin prices.

Consequently, the current trend is seen as more of a 'breather' than a 'full recovery'. Although the positive factors of lower difficulty and improved profitability have converged, competitive pressure will inevitably continue as long as a high hashrate is maintained. The mining industry is once again raising its vigilance ahead of the next difficulty adjustment.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*