Bitcoin's $84K rally isn't saving miners as difficulty signals flash caution
- —Difficulty rose 4.1634% on Sept. 19 to 132.757 trillion at block 967,680
- —Theoretical gross hashprice is about $40.31 per PH/s per day, 2.65% above the prior baseline
- —Fees contributed just 0.45% of rewards: 0.0142 BTC per block across 144 blocks
- —Early estimate projects a 2.48% difficulty cut by Oct. 3 with the epoch 14.43% complete
Why it matters: Miners remain dependent on the block subsidy and BTC price; a sustained difficulty decline would ease competition for rewards but not guarantee profitability.
Source: CryptoSlate