Odaily Planet Daily report: Rising energy prices, combined with heightened tensions in the Middle East, have further increased mining costs, placing continued pressure on electricity expenses. If miners are forced to sell Bitcoin to sustain operations, this could add additional selling pressure to the market. Data shows that the Bitcoin mining economy is under increasing strain: the current average production cost per Bitcoin is approximately $88,000, while the Bitcoin price stands at around $69,200, resulting in a loss of nearly $19,000 per BTC and an overall loss rate of about 21%. Meanwhile, the global mining difficulty has decreased by approximately 7.8%, marking the second-largest drop in 2026, reflecting reduced hash power and rising network stress. The network hash rate has declined to around 920 EH/s, and the average block time has extended beyond 12 minutes. Analysts suggest that if Bitcoin prices remain below the cost line and difficulty continues to decline, miner liquidation may persist, exerting short-term pressure on spot market dynamics. (CoinDesk)
Bitcoin miners face profit pressures amid rising energy costs and a decline in network difficulty.
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Summary
Bitcoin miners are facing shrinking profits as energy costs rise and network metrics reveal a 7.8% drop in difficulty—the second-largest decline of 2026. Network activity has slowed, with the hash rate falling to 920 EH/s and block times extending beyond 12 minutes. Production costs now average $88,000 per BTC, while prices remain near $69,200, pushing the industry into a 21% loss. Analysts warn that sustained price weakness and declining difficulty could trigger further miner liquidations, adding pressure to the spot market.
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