BITCOIN MINING SHAKEOUT: Survival of the Fittest! ❄️
Bitcoin network is currently undergoing a major "Purge". A ~20% drop in hashrate and an 11% significant drop in difficulty (the largest since 2021) signals a new cycle.
📉 WHAT IS HAPPENING?
Extreme Weather: Due to "Winter Storm Fern" in the U.S. (especially Texas), miners had to reduce their load to keep the grid stable. ❄️
Margin Squeeze: $BTC price dropping below $70k has caused those miners to go offline who had expensive electricity or older machines.
Hashprice Crash: Mining revenue has plummeted to $35/PH, which is a multi-year low.
⚙️ THE SELF-CORRECTING SYSTEM:
Bitcoin's code is balancing itself.
Fewer Miners = Block production has slowed.
Difficulty Adjustment = The network has made mining "Easier".
Survivor's Reward = The profit share of miners who are online will now increase. 📈
💡 MARKET SIGNAL:
Historically, whenever miners "Capitulate" and difficulty drops this much, it signals a market bottom. Weak hands are exiting, and the system is becoming even more decentralized and resilient.
#BTC #MiningDifficulty #BitcoinMining #CryptoNews #MarketCapitulation
