Cryptocurrency mining profitability remains under pressure across major proof-of-work networks, according to new data shared by Alfaractal, indicating the sector is facing stagnation and declining profits.
The analytics platform said that while miners continue to play a critical role in maintaining network security and decentralization, data suggests profitability remains elusive across major proof-of-work networks.
Increased pressure on miners
Alpharactal’s Mining Equilibrium Index compares a miner’s average revenue per hash over a 30-day period to the 365-day average. Values above 1.0 indicate above-average profitability, while values below 0.5 indicate stressful conditions for miners.
Of the four largest proof-of-work assets tracked by this index, Bitcoin has the best performance in terms of mining profitability, with the highest value of 0.75.
Bitcoin Cash (BCH) follows at 0.66, which suggests a relatively better situation than the rest of the group. Dogecoin (DOGE), the OG meme coin, recorded a score of 0.60 as mining profitability has declined significantly over the years. Litecoin (LTC), on the other hand, recorded the lowest value of 0.58, making it the worst performing of the four assets.
However, Bitcoin being at the top of the list does not necessarily indicate favorable conditions for miners. As recently reported, crypto potatoBitcoin mining difficulty has fallen by more than 10% in one of the biggest downward adjustments this year, demonstrating that fewer miners are joining the network. At the same time, Bitcoin’s hashrate continues to decline.
The figure briefly fell below 790 EH/s this month, down from the record level of over 1.2 ZH/s reached last year.
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Al-Faraktar also acknowledged that in the current environment, crypto mining is increasingly dependent on access to funds, operational efficiency, and patience.
$BTC Sales by mining companies
Several publicly traded Bitcoin miners sell Bitcoin. $BTC It has maintained its holdings at the fastest pace since the last crypto bear market. In April, Energy Mag published a report revealing that major mining companies including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer sold more than 32,000 in total. $BTC During the first quarter of 2026.
Bitcoin sales exceeded the total net sales recorded through all four quarters of 2025. In addition, this number exceeded approximately 20,000 copies, setting a new industry record. $BTC It was liquidated by public miners in the second quarter of 2022, when the market was shaken by the collapse of the Terra-Luna ecosystem.
