Bitcoin mining difficulty in China drops 11.16% to 125.86 trillion on February 7

On February 7, Mempool reported that Bitcoin mining difficulty in China fell 11.16% to 125.86 trillion, marking the largest single-step reduction since the ban five years ago. Analysts cited about a 20% decline in total hashrate over 30 days, price weakness, and weather-driven curtailments. Luxor data showed hashprice slid to $33.31/PH/s/day on February 2.