Recently, Bitcoin mining difficulty has seen a nearly 11% drop – a record low since China's ban in 2021. The main reasons stem from the plummeting price of Bitcoin, which narrowed profit margins, coupled with the impact of snowstorms in the US forcing many mining farms to shut down. The network's self-regulating mechanism helped reduce the difficulty as the number of Miners decreased, creating opportunities for those who remained, although actual profitability still heavily depends on the recovery of Bitcoin prices.