2026-01-19 13:11:36

The Bitcoin mining industry has recently come under significant pressure. Since reaching its peak in October last year, the total network hash rate has dropped by approximately 15%. Miners are gradually shutting down their machines as profit margins are squeezed.

Specifically, the hash rate has fallen from a peak of 1.1 ZH/s to the current 977 EH/s. This decline is not an isolated phenomenon—Bitcoin mining difficulty is expected to decrease by about 4% again on January 22. Calculations show that this is the seventh adjustment out of the past eight.

From a technical perspective, the Hash Ribbon indicator still signals miners' exit. Although market participants have different expectations for the future, the current reality is that the wave of miner shutdowns continues, and the competitive landscape of hash rate is being reshaped. This period is a critical moment for both capital providers and mining pool operators.

BTC-4,39%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

21 Likes

Reward
21
8
Repost
Share

Comment

0/400

LayerHopper

· 01-22 02:54

Is the mining difficulty going to be lowered again? Oh my, this pace is a bit fast.

View OriginalReply0

SilentAlpha

· 01-20 14:26

Another round of reshuffling, the weak are out --- The shutdown wave... It's really hard to say who will survive until the end --- With the hashrate dropping like this, it feels like the bottom hasn't been reached yet --- Wait, a 4% decrease in difficulty? Is the opportunity for miners to buy the dip coming? --- Hash Ribbon is still flashing, indicating that the price still needs to fall further --- Capital and mining pools should be frantically buying the dip now... --- A 15% drop sounds significant, but I think it could get even worse --- This is a game of strategy; those who can hold on will win --- How desperate must miners be to collectively shut down... --- Difficulty keeps decreasing, which means quite a few people are getting eliminated

View OriginalReply0

NFTArchaeologist

· 01-20 07:25

Miners collectively shutting down this wave, honestly, there's no more hope... Seven consecutive adjustments, this pace is really intense. Wait, is this a small retail investor clearing out? Key game? Haha, just see who can still hold onto cash flow. The opportunity to pick up bargains during the mining crisis is here... Hash Ribbon is flashing red, maybe we've really hit the bottom this time. Honestly, those mining machines should prepare mentally at this point. A 15% drop may not sound like much, but for miners, it's a blood loss... No, another 4% difficulty adjustment? When will these people be satisfied with shutting down? It feels like big players are accumulating power, small players are cutting losses... truly ruthless. A sign of the big purge before the cleanup, those who survive will profit.

View OriginalReply0

MechanicalMartel

· 01-19 13:39

The shutdown wave is coming, indicating that the bottom is not far away. Is this the opportunity to scoop the bottom?

View OriginalReply0

AllInDaddy

· 01-19 13:33

Another wave of miners fleeing, now it's the big capital's turn to scoop up the bottom.

View OriginalReply0

ZenChainWalker

· 01-19 13:26

Miners are really struggling this time, the shutdown wave is coming --- It's another cut, looks like it's time for a wash --- Difficulty has decreased 7 times in a row, this rhythm feels off --- Hash Ribbon is speaking, does anyone still not believe? --- Hash rate has dropped 15%, this is the real market test --- In this critical game phase, is someone taking the opportunity to buy the dip? --- The exit signals are so obvious, should you hold the miners or cut losses? --- With each adjustment, can this mining business still be done? --- The competitive landscape is reshaping, are big pools about to harvest small and retail miners? --- Profits have been squeezed almost to the limit, how to play it from here

View OriginalReply0

SmartContractPlumber

· 01-19 13:19

The computing power has been adjusted downward 7 times. These guys need to learn auditing—if the pool permission controls are misconfigured, it's just as deadly as a contract vulnerability.

View OriginalReply0

SocialFiQueen

· 01-19 13:17

Miners are cutting losses again; this wave of decline is really intense. --- The shutdown wave is coming; how should retail investors survive... --- Difficulty is about to be adjusted downward again, indicating that some can't hold on anymore. --- 7 adjustments? This pace is a bit frightening. --- Capital is bottom-fishing, miners are fleeing; this game of chess is interesting. --- A 15% drop in hash rate sounds like a lot, but it's really just the market clearing out. --- Hash Ribbon has turned red; miners should wake up now. --- This is truly a major reshuffle; those who persist until the end will win.

View OriginalReply0