The hash price index for Bitcoin, which indicates mining revenue, has dropped to a historic low of around 3 cents per terahash. This decline has led to an 11% reduction in Bitcoin mining difficulty, the largest negative adjustment since the China ban on cryptocurrency mining in 2021. Following the ban, global hash rate distribution shifted significantly, a factor that continues to affect difficulty metrics as they adjust to the current mining landscape.
Bitcoin mining revenue hits record low, difficulty drops 11%
