Dogecoin Mining Major Change: Network Hashrate Plummets, Individual Machine Earnings Surge by 40%! Is this a sign of going to zero, or a signal for a surge?
Key movements in the Dogecoin network: the total hashrate dropped sharply from 3.71 PH/s to 2.74 PH/s, but at the same time, the Antminer L9's 24-hour mining earnings skyrocketed from 60 to 85 coins, an increase of about 40%.
🔍 Logic Behind the Data
This typically means: some miners were forced to exit due to low coin prices hitting the “shutdown price,” reducing network competition, which allows the miners who continue to operate to have a “larger cake” and see a short-term surge in earnings. Such a deep hashrate correction is often a signal of extreme bearish market sentiment and a phase of clearing selling pressure.
📈 Historical Patterns and Current Narrative
Looking back at history, after experiencing a significant hashrate adjustment, Dogecoin ($DOGE ) often sees a strong price surge. Currently, its real-world application landscape is still rapidly expanding, from Starbucks, GUCCI to Tesla's surrounding payments, even in Japanese real estate transactions; its narrative as a “utility currency” far exceeds that of most meme coins.
🚨 Key Conclusion: It is both a risk and an opportunity
The sudden drop in hashrate reflects extreme market pessimism in the short term, but it is precisely this kind of cleansing that removes obstacles for the next rise. When miners shut down and retail investors are fearful, real opportunities often grow in silence. Coupled with its continually expanding applications, the fundamentals of Dogecoin have not collapsed but are waiting for a trigger point under pressure testing.
This wave of hashrate crash, do you think it is the beginning of a major drop, or the last wash before a surge? Will you choose to position yourself in fear, or continue to wait and see?
