The difficulty of mining a bitcoin block fell by 7.32% today, with miners powering off machines as a brutal bear market eats into profit. The mining difficulty automatically adjusts according to the hashrate, or computing power, that’s online in order to keep the time it takes to mine a bitcoin block roughly stable: The more miners are working, the higher the difficulty becomes.

In the past several months, bitcoin miners have been caught between a stubbornly low price of bitcoin that decreases their revenue and high electricity rates that increase costs. Major producers like Core Scientific (CORZ) and Argo Blockchain (ARBK) are dealing with liquidity crunches, while Compute North filed for Chapter 11 bankruptcy.

The situation has been exacerbated by new, more efficient machines being delivered and more miners coming online as projects started months ago reached fruition, driving the hashrate higher. Between early August and the last upward adjustment on Nov. 21, the hashrate and difficulty both increased by about one-third.

The reality of crypto winter now seems to have caught up with the industry, and bitcoin miners are turning off their machines. The hashrate started dropping around mid-November as profitability took a hit. It is, however, still well above the levels seen after China’s crackdown on the industry.

The profitability of mining has dropped by about 20% in the past month, according to Luxor’s hashprice indicator. This latest lower hashrate and difficulty doesn’t leave the network more vulnerable to attack. The computing power is spread among five big mining pools and another 12 smaller ones, data from BTC.com shows.