On Sunday, Bitcoin mining difficulty fell by 10.09%, the 11th largest downward revision among blockchains, easing some of the pressure on miners.
Galaxy Research said the mining difficulty of block 953,568 on Sunday decreased from 138.96 trillion to 124.93 trillion, the second largest decline in 2026 and a 20% decrease from its peak in November.
Bitcoin price ($BTC) has fallen about 15% so far in June, which is “squeezing on miners’ margins,” Galaxy said. It added that the epoch, the period during which mining difficulty is adjusted because the hashrate went offline, lasted 15.6 days, which is longer than the normal 14 days.
Depending on the mining difficulty, block production remains stable even when the amount of mining power on the network changes. A lower hashrate means less competition, which means it’s easier for Bitcoin miners to mine blocks.
Historical Bitcoin difficulty has decreased, with Sunday’s decline highlighted in orange. sauce: galaxy research
The total hash rate, or amount of computing power for mining, is currently 886 exahash per second (EH/s). It is down 12% so far this month and 23% from its October peak, according to Blockchain.com.
The remaining miners are currently earning about 9% more per machine, according to crypto trader Marlin Enquerar.
Bitcoin mining difficulty fell by over 11% in February due to storm suppression, and by 25% in February. $BTC Prices plummet. The lowest level of difficulty to date occurred in July 2021 following China’s mining ban and subsequent population exodus.
The next difficulty adjustment is scheduled for June 27th, and Coinwarz expects it to increase by just 1.69% to around 127 trillion.
Hash price returns to above $30
Hashprice, which quantifies how much profit a miner can expect to make from a given amount of hashrate, has increased by 13% as a result of the reduction in difficulty, and is now $33 per petahash per second per day, according to the Hashrate Index.
This is an important threshold as more miners reach total breakeven, Energy Mag reported on Saturday.
According to the report, a fleet of efficient miners will continue to generate profits with lower hash prices, while older generation machines with higher electricity costs are likely to be shut down.
