Bitcoin difficulty falls 5% to 127.17 trillion

Bitcoin’s mining difficulty fell to 127.17 trillion on July 11 in the network’s 14th adjustment of 2026. The metric dropped by about 6.70 trillion, from 133.87 trillion, and the change took effect at 4:09:11 p.m. according to the block timestamp at height 957600.

The seven-day average hashrate fell to roughly 908 exahashes per second (EH/s) in the period leading up to the adjustment. That figure was about 7.9% lower than the roughly 986 EH/s recorded on July 1. The prior difficulty epoch lasted about 14 days, 18 hours and 9 minutes, producing an average block time of about 10 minutes and 32 seconds, roughly 5.1% slower than the protocol’s 10-minute target.

Hashprice, the expected miner revenue per petahash per second, rose to about $31.10 on July 11. That was roughly 12.5% higher than the near $27.60 level around July 1. Hashprice remained about 16.4% below its level at the start of 2026 and about 37.2% below its one-year high of $49.40 reached in October 2025. The 2026 low for hashprice was about $27.20 in early June.

Across 2026, the network has recorded 14 difficulty adjustments. Eight of those adjustments were negative and six were positive. The average signed adjustment was negative 0.87%, while the average absolute change was 5.30%. Compounded from the difficulty before the first adjustment on Jan. 8, the network’s difficulty has declined about 14.22% year-to-date.

The July 11 reading is the third-lowest of the year, behind June 13’s 124.93 trillion and Feb. 7’s 125.86 trillion. Difficulty peaked at 146.47 trillion on Jan. 8 and recorded secondary highs near 138.97 trillion in April and 133.87 trillion in June.

Hashrate trends show a narrower range in 2026. The seven-day average of about 908 EH/s on July 11 was roughly 14.8% below the Jan. 1 level of 1,065 EH/s and about 21.3% below the one-year peak of 1,154 EH/s reached in October 2025. The 2026 low of 879 EH/s occurred in early February.

Recent sequence of changes: hashprice bottomed near $27.20 in early June, difficulty fell 10.09% on June 13, difficulty rose 7.15% on June 26 as hashrate recovered, then hashrate weakened again and difficulty fell about 5% on July 11, with hashprice finishing the period near $31.10.

Lower difficulty raises the expected revenue per unit of running hashpower if Bitcoin’s price and fee income remain steady. Effective computing power has repeatedly returned to a band between roughly 880 and 910 EH/s during 2026.