Bitcoin and other major proof of work cryptocurrencies are facing continued pressure on mining profitability, according to new data from Alphractal. The report indicates that mining returns across the sector remain weak, reflecting a prolonged period of stagnation.
The analytics firm noted that while miners remain essential to network security and decentralization, earnings across major proof of work assets are increasingly constrained.
Rising Pressure on Mining Operations
Alphractal’s Mining Equilibrium Index measures miner profitability by comparing 30 day average revenue per hash with the 365 day average. Values above 1.0 indicate strong profitability, while readings below 0.5 signal severe stress for miners.
Among the four largest proof of work assets analyzed, Bitcoin recorded the strongest reading at 0.75, making it the most resilient in terms of mining profitability, although still below optimal levels.
Bitcoin Cash followed with a score of 0.66, suggesting moderately better conditions compared to other assets in the group.
Dogecoin posted a reading of 0.60, reflecting continued erosion in mining returns for the meme based network over time. Litecoin recorded the weakest performance at 0.58, placing it at the bottom of the group.
Despite Bitcoin ranking highest, overall conditions remain challenging for miners. Recent reports show that Bitcoin mining difficulty dropped by more than 10 percent in one of the largest downward adjustments this year, suggesting reduced miner participation.
At the same time, Bitcoin’s hash rate has continued to decline, falling from peaks above 1.2 ZH/s last year to below 790 EH/s this month.
Alphractal added that current market conditions are increasingly forcing mining operations to rely on strong capital access, operational efficiency, and long term resilience.
Growing Wave of Bitcoin Sales From Miners
Publicly listed mining companies have also been selling Bitcoin at the fastest pace since the last major bear market.
A report from The Energy Mag revealed that major miners including MARA, CleanSpark, Riot Platforms, Cango, Core Scientific, and Bitdeer collectively sold more than 32,000 BTC during the first quarter of 2026.
This figure exceeded the total net sales recorded throughout all of 2025 and also surpassed the roughly 20,000 BTC sold by public miners in the second quarter of 2022, during the market turmoil following the collapse of the Terra Luna ecosystem.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
