Oh the mining vibes are turning all shadowy and tight across those big proof-of-work chains with fresh numbers from Alphractal showing total stagnation and crummy returns 🖤.
Miners keep holding the line for network safety and spread but the info screams that profits stay brutal no matter the coin.
Shadows Creeping on the Miners 🌑
Alphractal’s Mining Equilibrium Index stacks the 30-day average miner revenue per hash against the full 365-day baseline where anything above 1.0 means sweet profits and below 0.5 spells real pain 🔮.
Bitcoin leads the pack at 0.75 yet even that top spot feels more like a faint glow than a win.
Bitcoin Cash sits at 0.66 while Dogecoin lands on 0.60 and Litecoin drags at the bottom with 0.58.
Still Bitcoin’s lead does not spell easy times as the difficulty just slid over 10 percent in one of the year’s biggest drops with hash rate falling from over 1.2 ZH/s down below 790 EH/s this cycle.
Alphractal notes the whole scene now hinges on capital access smart ops and endless patience.
Miners Dumping Their Hoards 🕷️
Public Bitcoin miners have been offloading holdings at the quickest clip since the last bear run with over 32,000 BTC sold by names like MARA CleanSpark Riot Cango Core Scientific and Bitdeer just in the first quarter of 2026 which crushed the entire 2025 total combined.
That volume even topped the roughly 20,000 BTC dumped during the wild 2022 Terra collapse.
Just another echo from the void by iconofsin.eth 💖
