On April 17, the mining difficulty of the first cryptocurrency dropped by 2.43%, reaching a level of 135.59 T.
Source: CloverPool.The average hash rate at the time of writing is 988.7 EH/s, with the inter-block interval reduced to less than 10 minutes.
According to Glassnode, the smoothed 7-day moving average of the network's hash power has recovered from approximately 978 EH/s to around 992 EH/s since the beginning of the month. Since March, the value has consistently remained below the significant level of 1 ZH/s.
Data: Glassnode.According to Hashrate Index, amid the decrease in Bitcoin's difficulty and the recovery of the asset's price to $78,000, the hash price has risen from about $35 per PH/s per day to over $36. The cryptocurrency's price drop has adjusted the profitability metric to values between these two points.
Data: Hashrate Index.Concern Rated at "Six to Seven"
Low network activity and stagnation in Bitcoin's price are preventing miners from reaching their break-even point, reports DL News.
According to The Block, the share of transaction fees in miners' revenue fell below 1% last year and has recently approached 0.5%.
Source: The Block.At the same time, total revenue has dropped from $1.62 billion in October 2025 to $948 million in March 2026.
"In short, the situation is not very good. There are currently no positive factors encouraging further investments in new mining ventures," said Luxor CEO Nick Hansen.
He also identified the diversification of miners into the AI sector as a serious threat to the industry.
According to the executive, the level of concern for the industry is already reaching a "six to seven" rating.
It is worth noting that in the first quarter, public mining companies sold 32,000 BTC, surpassing the total for all of 2025.