Bitcoin Hashrate Decreased by 8.3% Amid BTC Price Drop

Bitcoin miners are reducing computational activity amid the decline in the value of the first cryptocurrency and decreased mining profitability. According to CoinWarz, on November 13, 2026, the average daily network hash rate was about 870 EH/s (exahashes per second), which is 8.3% lower than the previous week's level of around 950 EH/s. At certain times, computational power dropped to 788 EH/s. This decline coincided with BTC's price falling below $68,000 for the first time since August.

Why Bitcoin miners are reducing activity

Over the past week, Bitcoin has lost about 9% of its value. The price drop reduces miners' dollar revenue from mined coins, while major expenses, including electricity, equipment maintenance, and infrastructure, may remain unchanged.

In such conditions, less efficient mining setups become economically unviable. Operators with higher costs may temporarily shut down equipment, while companies with modern devices and access to cheap electricity can continue operations at lower BTC prices.

The recorded weekly hash rate reduction of about 80 EH/s is comparable to the computational power of the large mining pool ViaBTC, estimated at approximately 85.4 EH/s. However, this comparison only reflects the scale of the change and does not imply that a specific pool has ceased operations.

Bitcoin mining difficulty may decrease by 8%

The reduction in computational power affects the speed of creating new blocks. If some equipment is shut down, miners take longer on average to process the next block at the previous difficulty level.

The Bitcoin network automatically adjusts mining difficulty every 2016 blocks, approximately every two weeks. This mechanism helps maintain an average block formation time of about ten minutes.

As of November 13, the mining difficulty was 148.36 trillion. The next recalculation was expected on November 14, with a preliminary CoinWarz estimate suggesting a decrease of about 8% to 136.4 trillion.

If the forecast is confirmed, remaining miners will need to perform fewer calculations to find a new block, all else being equal. However, the actual result of the recalculation depends on the block formation speed until the end of the current period.

BTC production cost exceeded market price by 27%

According to the Checkonchain analytical service model, based on network difficulty, the average estimated cost of producing one Bitcoin reached $87,700. With a market value of around $69,000, the difference is approximately 27%.

For most of the period from February to August 2026, the estimated production cost exceeded the BTC price. In September and October, the figures converged around $80,000, but the November price drop widened the gap again.

However, the Checkonchain estimate does not reflect the actual expenses of each network participant. The cost of mining depends on the energy efficiency of equipment, electricity costs, conditions for hosting computational power, and other operational expenses.

The future dynamics of the hash rate will depend on both the Bitcoin price and changes in mining difficulty. Its expected decrease may partially reduce the burden on active miners, but it does not guarantee the industry's profitability recovery on its own.