Bitcoin (BTC) recorded its second lowest mining difficulty in 2026, down 10.09% at block 953,568.
The move is the 11th lowest in the network’s history, according to Galaxy Research.
Why Bitcoin Mining Difficulty Was Dropped
Mining difficulty dropped from 138.9 trillion to 124.9 trillion. The drop followed a June price drop that pushed mining limits and sent hashrates offline.
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Bitcoin changes its difficulty every 2,016 blocks so that the block time is close to 10 minutes. When the mining power goes down, the problem falls to rebalance the network.
This was the third biggest decline of 2026, following 11.16% and 7.76% declines in February and March, respectively. The recent drop came amid Bitcoin’s decline.
“A ~ 15% of the price of June lowered the miner. The time ran 15.6 days compared to the target of 14 days since the hashrate came offline,” said Galaxy.
Bitcoin saw a significant decline this month. The price dipped below $60,000 last week before rebounding above $64,000. on the prospect of US-Iran cooperation.
The selloff pushed the hashprice, every day mining dimensions, under $30 per petahash per second.
“That risk is important to miners because it pushes more places closer to, or below, the breakeven point in the face of corporate capital, debt, and additional costs. he realized.
Bitcoin Miners Curtail and Pivot to AI
Some of the few show the economy. Another driver is the re-export of electricity from mines to Artificial Intelligence (AI) and high performance computing (HPC).
“Many miners have been freeing up mining equipment or reducing the size of mining while repurposing the space used by AI/HPC, a method that can remove the bitcoin hashrate even when the bottom power is used,” the blog added.
Texas, meanwhile, may have added to the uncertainty. The 4-coincident-peak (4CP) season began in June. ERCOT’s main users avoid the four peak summer periods that set transmission costs for next year.
“For bitcoin miners, the 4CP mechanism creates a strong incentive to reduce the possibility of monthly peak windows… This can temporarily remove mining assets from the network, especially because Texas is still one of the largest mining markets in North America. The recent return in the network hashrate shows some of the reductions in early June may be a temporary reduction and not a permanent shutdown,” he said.
Lower stress provides relief from miners who lived on the Internet. For the next two weeks, each block takes a little work to make mine. This change increases the number of bitcoin miners for every unit of hashrate they run.
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A note Bitcoin Mining Difficulty Drops 10% in Second Biggest Decline 2026 appeared for the first time BeInCrypto.
