Just noticed Bitcoin's mining difficulty dropped 11% - biggest fall since 2021. This is actually wild when you think about it. Hashprice got cut in half, from $70 down to $35, so a ton of miners are basically getting squeezed out. Prices tanked from that $126K peak to around $73K, and then winter storms in Texas made everything worse. Grid operators were asking miners to power down to keep the lights on for regular users. Some major mining operations saw daily output drop over 60%. A lot of people are asking how to start bitcoin mining right now, but honestly it's looking brutal for most operations. The thing is, this difficulty drop actually helps the miners who stay in the game - less competition means better margins for them. Historically this kind of capitulation phase can signal we're close to a bottom. So if you're thinking about mining, the math is getting more interesting again, but you'd need serious capital and cheap power to make it work.

BTC0.44%
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