The post Bitcoin mining difficulty posts biggest drop since China ban appeared on BitcoinEthereumNews.com.

Bitcoin mining in China saw its largest-ever decline, dropping 11.16% to a record low of 125.86 trillion, according to the Bitcoin network explorer Mempool’s report dated Saturday, February 7.  To demonstrate the intense nature of the situation, Bitcoin developer Mononaut noted that this recent decline is the largest one-time reduction recorded since the country enacted a substantial ban five years ago.  Moreover, reports from reliable sources noted that the drop ranked tenth among the largest percentage declines on record. Analysts raise concerns about the mining difficulty status in China  Following the decline in China’s Bitcoin mining difficulty, analysts conducted research and discovered that the drop was attributed to about a 20% decrease in total hashrate over the last 30 days. Regarding this finding, Luxor Technology Corporation, a premier full-stack Bitcoin mining services provider, released data showing that its Hashrate Index dropped by 11% last week, hitting a record low of 863 EH/s, compared to October’s all-time high above 1.1 ZH/s. In attempts to explain the decline in hashrate, sources pointed to Bitcoin’s price decline as the main reason. Regarding this argument, they acknowledged that the price of the cryptocurrency has fallen by more than 45% from its all-time high of more than $126,000 in October. To support this claim, data released on February 5 highlighted that Bitcoin’s price plummeted to a record low of around $60,000 before bouncing back to about $68,800 yesterday. Higher Treasury yields, persistent ETF outflows, and a broad retreat from risk-on assets, such as stocks and commodities, fueled this sell-off. At this particular moment, SoSoValue, an AI-powered, Singapore-founded cryptocurrency research and investment platform, shared reports indicating that US spot bitcoin ETFs have emerged as net sellers this year. Another reason for the drop in China’s Bitcoin mining difficulty is Winter Storm Fern, a major, wide-reaching severe…

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Filed under: News - @ February 8, 2026 1:06 am