Are miners testing again? The decline in Bitcoin income is a bit significant.

Question

【BitPush】Friends who have been paying attention to the mining circle recently may have noticed that the days for Bitcoin miners are indeed a bit tough. Since mid-October, miner income has been declining steadily, with a drop of 11%. The most heartbreaking part is that mining difficulty is actually increasing, creating an awkward situation: difficulty is rising while profits are falling.

In simple terms, this is the moment when miners face a “surrender” test. When income and costs are not proportional, some marginal mining farms can no longer hold on. This divergence has occurred several times in the history of mining, each time revealing the cruelty of the market. Many miners are now weighing whether to continue supporting or temporarily shut down their equipment.

This also sends a signal to the entire ecosystem—the network difficulty adjustment mechanism is working, but it is also filtering out those who can truly survive.

LightningPacketLoss · Accepted Answer

Is the difficulty so intense that the returns are still dropping? This round is really testing who has better cost control skills.

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Here we go again. Every time it's like this, a bunch of mine operators are debating whether to shut down or not, basically betting on whether the price will rebound later.

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A 11% drop isn't a big deal, but the key is that the difficulty is still rising? That logic is really absurd.

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This time, small mining farms are truly at risk of falling behind. Larger ones might still hold on, but marginal ones are probably just going to give up.

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I just want to know if, after this round of adjustments, the hash rate network will really shake out a group of top miners.

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The difficulty adjustment mechanism now looks like a knockout competition—if you can't keep up, you're out.

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The hardest part of cost inversion is this: losing revenue while bearing increasing difficulty. Miners are really in a tough spot.

AlwaysAnon · Answer

Difficulty increases, yields decrease. This set of tactics is indeed brilliant. Old miners might not be able to hold on anymore.

Shut down or tough it out, there's no standard answer to this question.

Wait, isn't this just market survival of the fittest? Those who should be eliminated, must be eliminated.

Speaking of which, it's another "life or death" moment for miners. Get used to it.

I bet five dollars that after the next difficulty adjustment, it will be another bloody storm.

What are miners thinking now? Continue to invest or give up?

The difficulty mechanism is good in this way; it can really eliminate those who shouldn't survive.

SilentObserver · Answer

As difficulty increases, profits decrease. This move is truly remarkable. How strong must the miners' resolve be to endure this?

GateUser-44a00d6c · Answer

Difficulty rises while returns fall. This move is truly incredible. Just waiting to see who can't hold on and surrenders first.