[Analyst: Bitcoin Hashrate Down 2.9% Year-to-Date, 2026 May See the Slowest Hashrate Growth in History] According to a report by Jinse Finance, Blockware Bitcoin analyst Mitchell Askew stated on the X platform that we are witnessing a historic stagnation in Bitcoin hashrate. Year-to-date, it has decreased by 2.9%, and 2026 may become the year with the slowest hashrate growth on record. Bitcoin's hashrate peaked in October, and a few days later, Bitcoin's price also peaked. Although the hashrate rebounded after power restrictions caused by winter weather ended, it is still about 10% below its historical high. The main reason for the hashrate not reaching new highs in the past four months is that Bitcoin's price has also not reached a new all-time high. The 'production cost' varies significantly among miners. Factors such as ASIC models, electricity costs, and interest expenses all influence the Bitcoin price required for miners to achieve profitability. For customers using the most efficient mining machines currently available and with electricity costs of $0.07 per kilowatt-hour, the breakeven price is approximately $52,000. For miners with lower operational efficiency, this figure is much higher. When Bitcoin dropped from $125,000 to $60,000, miners with higher breakeven prices were forced to shut down. This allowed Blockware's clients and other high-efficiency miners to acquire more Bitcoin as competition decreased. Approximately 450 Bitcoins are mined daily—no more, no less. The fewer miners competing for these 450 Bitcoins, the larger the share each miner receives. A miner with 10 S21 XP 270T machines can currently mine about 0.0012 Bitcoins per day.