Bitcoin Mining Hits Breaking Point as Difficulty Plunges 9.13%

As bitcoin prices tumbled to an intraday low of $61,947, mining revenue deteriorated to exceptionally depressed levels, with hashprice languishing between $28 and $30 per petahash per second (PH/s) of daily output. Meanwhile, Bitcoin’s mining difficulty declined 9.13% at block height 975744, marking the network’s 23rd difficulty adjustment epoch of the year. At block 975744, mined by Foundry USA on Nov. 14, 2026, Bitcoin’s mining difficulty fell 9.13% , retreating from 148.36 trillion to 134.82 trillion. Of the 23 difficulty adjustments recorded this year, 12 have been downward revisions, with the latest representing the third-largest reduction of 2026. Several factors contributed to the decline, including bitcoin’s price descent to fresh lows, which further eroded already strained mining revenue.

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