Bitcoin Hashprice Hits Record Low as Mining Difficulty Reaches ATH: Crisis Ahead?

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Key Takeaways

How are network conditions affecting Bitcoin miners?

Well, folks, it’s been a rough ride for Bitcoin miners. Mining difficulty is at an all-time high, and hashprice? It’s practically in the gutter. If Bitcoin mining were a game of musical chairs, you’d be scrambling for a seat right about now.

How low is miner profitability right now?

Hold on tight because this is going to sting. Mining profitability has dropped to a dismal 0.0334 USD/day per 1 TH/s. That’s the lowest it’s been since 2023-an absolute horror show for anyone in the business of turning electricity into digital gold.

We’ve been in a “risk-off” market for over six weeks since the October crash. $1 trillion in total crypto market cap vanished like your last decent paycheck. And now, miner capitulation is taking off faster than you can say “crypto winter.” STH NUPL has plummeted, ETFs are bleeding capital like a sieve, and even Long-Term Holders (LTHs) are tossing their coins in the air. Meanwhile, recovery? Yeah, not happening anytime soon.

On the charts, Bitcoin just can’t seem to hold onto $95k, or even $90k. Instead, it dipped to a “perfectly premature” bottom at $86k. And now, the broader market’s malaise is starting to drag Bitcoin’s core fundamentals down like a millstone around its neck.

Record Mining Difficulty Meets Historic Low Hashprice

The miner community has always been the backbone of Bitcoin’s network, or at least, it was until it got squeezed tighter than a phone book. On November 3rd, mining difficulty hit a staggering 155 trillion. That’s right, folks, it’s harder than ever to earn Bitcoin through mining.

But wait, there’s more! While that strengthens the network (supposedly), hashprice has plummeted to an all-time low of $34.49 per PH/s. That’s a 50% drop in just a few weeks. Imagine the heartbreak of watching your mining rig work overtime, only to see your earnings hit rock bottom. This is the lowest point in BTC’s entire history. Congratulations? 🥳

To put it into perspective: a miner with 1 PH/s would rake in a whopping $34.49 a day. Before expenses, of course. Because those don’t come cheap. And let’s not even talk about how the record-high difficulty is driving up the cost of mining. Smaller miners are getting absolutely hammered. The costs are climbing, and the rewards? Well, they’re getting a bit shy.

Is this still a good sign for Bitcoin’s network security? Hmm, tough call. Can the big boys keep their rigs running with these kind of numbers? Or is this the start of a mass miner exodus that leaves Bitcoin’s security hanging by a thread?

Mining Profits at Multi-Year Lows as BTC Slides

Alright, let’s talk about profits, or the lack thereof. The halving did its thing, and the block reward dropped to 3.125 BTC. Fewer coins for miners means they need higher BTC prices to stay profitable. But the joke’s on them because mining difficulty is up and costs are higher than ever.

Bitcoin Mining Profitability? Try 0.0334 USD/day per 1 TH/s. That’s 3 cents a day. Yes, you read that right. Miners are barely scraping by. And that’s the lowest we’ve seen since 2023. Don’t say we didn’t warn you!

So, to recap: hashprice is dropping, mining difficulty is soaring, and BTC price is sliding. If you thought mining was getting easier, well, welcome to the harsh reality. Profitability is lower than a snake’s belly in a wagon rut, and the whole thing feels like it’s heading straight for a big ol’ pile of trouble.

And if that’s not enough, the cost of mining has hit a cool $112k. Yep, you read that right. That’s 1.3 times higher than Bitcoin’s current value. So, what’s the plan now, miners? Tap out and go home, or hang in there for dear life? Because if BTC drops any further, it might be a one-way ticket to an exodus of miners leaving the network more vulnerable than ever before.

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2025-11-23 14:20