I noticed an interesting trend in Bitcoin mining. The network difficulty of Bitcoin continues to increase, creating serious pressure on miners. According to the latest data, the next adjustment is expected with difficulty rising to 148.20 trillion, which will further increase the requirements for computational power.

Overall, 2025 has been a challenging year for this industry. The halving in April 2024 cut rewards in half, and then macroeconomic challenges followed. The crypto market decline in November hit hard — BTC price dropped 30% to just above $80,000. Currently, Bitcoin is trading around $80.63K, but that’s still far from the October high above $125,000.

The most unpleasant part is the miner’s hash price. In November, it fell below the breakeven threshold, reaching a low below $35 per petahash per second. The increase in Bitcoin network difficulty under these conditions is simply lethal for margin profitability. Plus, the tariffs introduced by the U.S. government added uncertainty. It seems miners faced the most difficult period this year — and Bitcoin network difficulty doesn’t seem to give them a break anytime soon.