Share this article
Bitcoin Set for Biggest Mining Difficulty Drop Since July 2021
Bitcoin's hashrate collapse triggers a projected 9% difficulty adjustment, offering miners temporary relief amid seasonal and post-halving pressure.
Jun 24, 2025, 9:46 a.m.
What to know:
- The hashrate has fallen roughly 30% in two weeks to under 700 EH/s, the steepest drop since China’s 2021 mining ban.
- A 9% downward difficulty adjustment is expected in five days, easing mining conditions and likely boosting miner revenue per exahash.
Mining difficulty on the Bitcoin blockchain is on course to drop by the most since July 2021 after the amount of mining power securing the network slid about 30% in two weeks.
According to data from Mempool.space, a downward difficulty adjustment of around 9% is projected within the next five days. That would be the most since the China mining ban four years ago, when the hashrate, the total computational power used to mine blocks, plummeted 50% to 58 exahashes per second (EH/s) and bitcoin was trading near $30,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The difficulty adjusts every 2,016 blocks to ensure that blocks continue to be mined at roughly 10-minute intervals. After the recent decline, the hashrate is now just under 700 EH/s, according to Glassnode data. The largest cryptocurrency by market cap was trading recently around $105,300.
Significant hashrate and difficulty corrections are not unusual during the northern hemisphere's summer. Elevated electricity prices, driven by higher air conditioning demand and strained power grids, often lead miners to temporarily shut off machines, especially older or less efficient ones. This seasonal pattern has been observed in several previous years.
The anticipated drop in mining difficulty will provide meaningful relief for miners. The hashprice, or miner revenue per exahash, currently sits at $51.9. This metric reflects the estimated daily income in dollars a miner earns per EH/s contributed to the network, based on block rewards and transaction fees.
As difficulty decreases, mining becomes easier, meaning miners can earn more revenue for the same amount of computational effort. Assuming bitcoin’s price and transaction fees remain stable or increase, the hashprice should rise significantly in the coming days, helping to offset recent profitability pressure.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
