Just checked the mining situation and it's getting brutal. Miners are underwater right now, losing roughly $19k per coin when you factor in production costs hitting $88k while BTC trades around $72.7k. The math is simple and it's not pretty for anyone running rigs. What's wild is how fast this deteriorated - we're talking about a 21% loss on every block being mined, and it's forcing a lot of operations to either shut down or pivot hard into AI and data center work for steadier cash flow. The geopolitical angle is making everything worse. Oil above $100 directly feeds into electricity bills for mining operations, especially the ones running in regions tied to Middle East energy markets. The Strait of Hormuz situation plus Trump's threats against Iran power plants just added more uncertainty to an already stressed energy market. Hashrate has dropped to around 920 EH/s and difficulty fell another 7.76% on Saturday - that's the second massive cut this year. Network blocks are taking 12+ minutes instead of 10, which tells you how many miners are pulling the plug. What happens next matters for the whole market. When miners can't cover costs, they dump bitcoin to keep operations running. That's supply pressure on top of everything else - we've already got 43% of total supply sitting at losses and whales selling into rallies. The next difficulty adjustment is coming early April and it's expected to drop further. If price stays in this zone, we could see more miner capitulation. The network self-corrects by design, but that correction period is where real damage happens to both mining economics and spot price action.