2026-01-05 19:28:31

Bitcoin hash rate has experienced adjustments for two consecutive months. The latest data shows that as of December 2025, the Bitcoin network hash rate has decreased by approximately 3% month-on-month, down to 1045 EH/s. What does this change reflect?

The situation on the miner side is worth paying attention to. The competitive pressure has eased, which is good news on the surface. But what about on the books? The average daily block reward income per EH/s for miners has decreased by 7% month-on-month, with an even larger decline year-on-year.

An interesting phenomenon is: as hash rate declines, profits are also shrinking. This is not a simple supply adjustment — it involves a complex game of factors such as mining difficulty, electricity costs, hardware depreciation, and more. Some marginal mining farms may have already shut down or reduced load to cope with the compressed earnings.

For miners, this is a testing period. For the Bitcoin network, the self-adjusting mechanism of hash rate is playing a role.

BTC-0,37%

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BearMarketGardener

· 01-08 18:42

As computing power declines, so do earnings. Miners are having a tough time; they need to figure out how to survive.

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LayerZeroHero

· 01-05 19:54

Hash rate declines, and so do earnings. This is the fate of miners. I'm starting to lose confidence; the marginal mining farms should have already undergone reshuffling. Am I the only one who thinks this round of adjustment is just the beginning? Mining is really tough; profits are being eroded relentlessly. Electricity costs are the biggest killer; a drop in hash rate can't save us. This self-regulation mechanism sounds impressive, but honestly, it's just a survival of the fittest. Revenue has dropped by 7%; it feels like next month will be even worse. Mining farms that shut down or reduce load are probably already crying. Hash rate decline should be a good thing, but the financials look even worse… who would have thought? The blood and tears of miners, another chapter.

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ser_ngmi

· 01-05 19:53

When the computing power drops, the returns also decline. That's really tough. Small mining farms might have to pack up and leave.

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blockBoy

· 01-05 19:43

A 3% drop in hash rate results in a 7% decrease in revenue, and that price difference is quite painful. Mining farms either shut down or tough it out; depreciation costs can't be contained. It seems large mines can still hold on, but small mines need to think about a way out. Profit downturn reveals the true picture; those who jumped in the past two years might end up losing money. This self-regulation mechanism, to put it simply, is about those who don't make money being eliminated. Lowering difficulty is useless; the costs are still there, and everyone has to pay electricity bills. What a test period, just a polite way of saying it.

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SmartMoneyWallet

· 01-05 19:40

Hash rate drops by 3%, and earnings decrease by 7%. The key lies in the underlying capital flow. In simple terms, marginal mining farms are being pushed out, while large mining pools are quietly accumulating chips.

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