Wu said that, according to Galaxy Research data, Bitcoin completed the 11th largest mining difficulty adjustment in history at block height 953,568, with the difficulty decreasing from 138.96T to 124.93T, a drop of 10.09%, making it the second-largest decrease in 2026. Galaxy Research stated that in June, Bitcoin's price fell by about 15%, squeezing miner profit margins, leading to some hash rate going offline, causing this difficulty cycle to last 15.6 days, longer than the targeted cycle of about 14 days.

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GasFeeAnxiety
· 12h ago
Lower difficulty is actually a positive for the remaining miners; the unit profit increases, and those who endure can reap the dividends.
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FrenBurner
· 13h ago
15.6 days, the cycle has lengthened, and after the hash power exits, the next difficulty estimate is expected to bounce back.
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ForkliftFaye
· 13h ago
The 10% drop is quite substantial; in 2026, it will be the second largest, showing that this downturn has indeed hurt miners.
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ViewingBullAndBearMarketsFromA
· 13h ago
Miner profits are being squeezed, some hash power is going offline, and difficulty adjustment is a natural self-regulation mechanism.
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