Looks like the mining death spiral fud might be back after this news

This article is actually positive for miners since a lower hashrate benefits those still in the game. But, after all the fuss about Michael Saylor, I bet mainstream media is gonna start cranking out articles that kick off another round of mining death spiral fud. Just a heads up, everyone should take these news updates with a grain of salt. They've used this mining death spiral scare before, and bitcoin just kept climbing! So, about the bitcoin mining difficulty, it’s set for a big drop, the biggest one since the China ban. This could really shake things up. Bitcoin’s hashrate, which shows the raw computing power keeping the network secure, is about to go through a significant difficulty adjustment. Experts are estimating a drop of around 9% by June 29. That’d be the steepest decline since July 2021 when China kicked out its miners, causing the hashrate to plummet. The main reason for this drop? Miner revenue is taking a hit, according to Nishant Sharma, founder of a bitcoin mining communications company. He mentioned that hashprice, a key metric for miner profits, is way below what many need to break even, pushing older or costlier rigs to shut down. For miners struggling with low hashprices and nearly no fees, this upcoming difficulty drop is a big deal. A sharp adjustment like this will quickly increase earnings per unit of compute, give smaller miners a bit of breathing room, and slow down the exit of machines.

The article you linked doesn't say "death spiral". What are you talking about?

@Kruw. Read my message before you read the article. Agreed that this article is not fud, this is good news for miners who continue mining. However, I speculate that mainstream media will purposefully interpret this into a another season of mining death spiral fud similar to what we have witnessed before.

This is a figurative expression and it perfectly fits what he used it for.

Possibly hashrate could have been "inflated" a bit in the past 2-3 years or so, as transaction fees in 2024 were significantly higher than now, not to speak about the Ordinals wave in 2023 and early 2024. This could mean we'd see a flatter difficulty growth in the next half year or so. The 51% attack cost would probably suffer a little bit, but not by much. I just had another mining-related discussion where we talked about mining profitability. The following chart (Source: Hashrateindex) illustrates the current revenue per kWh consumed by some classes of mining hardware. And one can see clearly that in the price peaks of early 2018 (2017 isn't shown) and 2021 the revenue for miners of the latest generation was much higher than in the 2025 bullrun. (The chart shows the revenue per kWh consumed in USD, not in Bitcoin.)

There have been many Bitcoin miner capitulations and even China crackdown on Bitcoin mining but Bitcoin mining industry has been growing sharply over years. Fud comes and goes while Bitcoin does not go anywhere like disappear or die as proven by many years since its block chains genesis block. Weak Bitcoin miners have to capitulate and give strong and well-managed miners good chances of expanding their mining hashrates. End the fud including Mining fud. https://endthefud.org/ Miner capitulation https://charts.bitbo.io/miner-capitulation/

Mainstream news is supposed to be a good news for spikes but we should hope for the best while expecting the worst like FUDs to spread. Older or high cost rugs do not necessarily need to shutdown, adaptation is likely going to happen this is the reality. The Chinese shutdown was a governmental attack yet some hideous people operated in secrets this time it's no government power hence adapting is likely the possible reaction over shutdown for many.

As what we say, negative or positive news, still a publicity to us. However, this is not the first time that we have heard this kinds of news though. Around 2021, as far as I can remember, there was also a similar negative news, but it didn't have any impact on the price long range. So maybe it will be used by some social media news, but I doubt that it will have this huge effect on the price as we're in the last stretch of the bull run.

Bitcoin is now a currency that needs no introduction ! We are beyond publicity, it's not longer a new word in the globe.

So why did you link an article that proves the exact opposite of the claim you are making?

Right after this we should see a fresh spurt of Bitcoin mining uses X more electricity than the entire nation of Y death spirals too. All the while, we'll miss our global commitments on emissions and temperature caps. But it'll always be easier to demonise something as esoteric (to the masses) as Bitcoin than thousands of delegates jetting around for COP, I suppose.

The only miners, as far as I tell, that are likely to succeed longterm regardless of Bitcoin price are individual miners in cold regions, especially those that have longer cold period. They could use heat from cheap miners to warm up their living spaces. And this will be beneficial to Bitcoin and the environment since it allows mining to be done by many people in energy efficient manner. It makes mining more decentralized in cost effective way as the generated heat is not wasted and the miners are solving multiple problems at thesame time, with the warming of homes being more necessary as it helps people survive cold environment while earning bitcoins, and probably using part of the profit to pay for their energy bill.  This is basically how hardwork from hard money could be more useful to society and Bitcoin in mutually beneficial manner.

It means that Bitcoin is working as intended. Topic and discussion over. No need to continue this, ignore the articles and ignore the media. Why repeat the same things over and over again?

Well i well, it is what it is, whenever there is a boom in whatever sector, is followed by a fud spree aiming at dragging the space down to it kneels, so we expect this to happen, Bitcoin mining is not the first service to get media propaganda attack, all the major top performing projects suffers same one time or the other.

If I'm not wrong then such a news is going to be good for the miners but of course it will somehow negatively impact Bitcoin. Well, I think overall this is a good news for the miners and for those who want to start their mining farms. The drop in difficulty can be helpful for them.

The problem that's explained in the article where the profitability is low itself will be resolved on its own if the hash rate going down because then the existing miners that still mine bitcoin will have higher reward. This article basically just nothing burger, holds no substance whatsoever, hashrate fluctuates and it's a pretty normal thing.

How high is the probability that the government of Iran were mining Bitcoin in their mountainous regions, and what actually reduced the total hashing power was the U.S.'s bombing of those regions that destroyed their mining farms? 👀 You don't believe that the Iranian government is actually mining Bitcoin? READ THIS, https://www.ncr-iran.org/en/publications/special-reports/bitcoin-mining-in-iran-irgc-operations-and-the-power-grid-crisis/   ¯\_(ツ)_/¯

They might, but overall - when were the news a good source of proper analysis and facts presented? BTC will prevail one way or another, as you said.

The Mining death Spiral would remain a FUD and can never be reality because , Bitcoin difficulty always adjust: During the periods of higher difficulty, the blocks which normally is set to every 10 minutes takes much longer and fewer blocks are mined leading to lower hash rates and this difficulty sends the smaller miners off business, but the good news is that the bitcoin protocol would always respond the situation and reduce difficulty which would rebalance the network and miners would return. We might be expecting more miners to return when the difficulty decreases. All miners do not leave instantly: Even in the the most difficult mining possibility, All miners do not switch off their machines all at once, mining profitability is evaluated on an individual note, making the adjustment a gradual process. Some miners have access to cheaper electricity in their country, prompting them to remain in the business for longer amid higher difficulty and only suffers reduction in profits instead of actual losses. As weaker miners leaves, the stronger or more privileged ones enjoys a larger portion of the rewards from their activities, prompting them to stay.

Bread is gonna to be made with fuzz like that - but yeah, the difficulty would just be adjusted accordingly.