• Bitcoin mining difficulty fell by 10.09% — to 124.93 T.
• This is the 11th-largest drop in the metric in the entire history of the network.
• The cause was some miners shutting down after a decline in the price of bitcoin.

Bitcoin mining difficulty has fallen by 10.09% — to 124.93 T. This is shown by data from the CloverPool service.

After the recalculation, the network's average hashrate is about 905.89 EH/s. The next adjustment of the metric is expected in roughly two weeks.

One of the largest declines in all of history

According to Galaxy Research, the new recalculation became the 11th-largest decline in mining difficulty in bitcoin's entire history and the second-largest in 2026.

The metric fell from 138.96 T to 124.93 T at block 953,568. Analysts attributed this to a drop in the price of bitcoin of about 15% in June, which significantly worsened mining economics and forced some network participants to shut down their equipment.

Because of the reduced hashrate, the current cycle of 2,016 blocks lasted 15.6 days instead of the standard 14, analysts noted.

StandardHash noted that the network's total hashrate has shrunk, effectively returning the network to the level it was at a year ago — in June 2025.

"This metric — the result of a tough game-theory contest among miners around the world — shows the colossal pressure that mining farms are now under due to rising costs," the experts emphasized.

The Block recalled that mining difficulty is a relative metric that reflects how much harder it is to find a new block compared with the easiest stage in the network's history.

The parameter is automatically recalculated every 2,016 blocks — roughly once every two weeks. Its main purpose is to keep the average time to create a single block at about 10 minutes regardless of changes in the network's total computing power.

As a reminder, CryptoQuant earlier stated that miners do not believe bitcoin has bottomed out.

Source: Incrypted