Bitcoin mining difficulty go rise for December as hashprice dey near historic lows
Bitcoin mining difficulty dey expected to climb for di December 11 adjustment (around block ~927,360–927,369), reversing recent fall from ~15.22 million TH to ~14.93 million TH wey give average block times around 9.97 minutes. Hashprice — di revenue wey miners dey make measured per PH/s per day — dey around $38.3/PH/s, small recovery from November troughs below $35 but still under common miner breakeven of about $40/PH/s. Persistent low hashprice plus higher energy costs and regulatory pressure dey squeeze miner margins and dey maintain selling pressure on BTC. New developments talk say U.S. DHS dey scrutinize Bitmain for possible remote-access/security concerns; since Bitmain get majority share of ASIC supply (≈80% by Cambridge estimates), U.S. restrictions or sanctions fit tighten hardware availability and raise long-term mining costs. Miners dey continue cut cost and diversify (including AI-compute deals) to offset reduced block rewards after halving. For traders: watch difficulty and hashprice trends as short-term gauges of miner selling pressure and network health; hardware-supply or regulatory shocks fit push miner capex and secondary-market selling up, while persistent low margins increase capitulation risk.
Bearish
Di koko join info dey point to short-term bearish bias for BTC price. Main drivers: (1) Hashprice dey under normal miner breakeven (~$40/PH/s), so miner margins slim and e dey increase chance say dem go sell BTC to cover running costs. Historically, low sustained hashprice dey correlate with more miner outflows to spot markets. (2) Difficulty wey go rise for December go make short-term miner revenue per hash worse until price or fees adjust, putting more pressure on low-margin operations. (3) Regulatory risk — especially US DHS scrutiny of Bitmain — fit cause supply-side shocks to ASIC availability and future capex, wey fit raise mining costs and push asset sales. Things wey fit balance am na miners’ defensive moves (cut cost, diversify into AI compute) and the network steady block times, wey don show robust hash rate so far. Overall, short-term impact negative for BTC price because selling pressure don increase and operational uncertainty don rise; long-term effect go depend on whether BTC price or miner efficiencies recover enough to restore margins.