Bitcoin Mining Difficulty Set to Drop 9.55% in Eight Hours as Hashrate Slides Below 900 EH/s

According to The Energy Mag, Bitcoin's mining difficulty is set to drop by approximately 9.55% in roughly eight hours, according to mining network data. The decline follows a significant drop in the network's hashrate over the past two weeks, which fell from around 1 zettahash per second at the end of May to approximately 894 EH/s in recent days.

The adjustment comes after Bitcoin briefly plunged to $60,000 in early June before rebounding to around $64,000. The selloff pushed hashprice—a measure of daily mining revenue per unit of hashrate—below $30 per petahash per second, pressuring miners with higher power costs. The lower difficulty adjustment could help offset that pressure by increasing Bitcoin earnings per unit of active hashrate by more than 9%, potentially lifting hashprice back above the $30/PH/s threshold if price levels remain stable.