Bitcoin miners finally caught a breather at block height 919,296 as mining difficulty eased up for the first time since June. The difficulty dipped 2.73%, landing at a still-hefty 146.72 trillion.
Crypto investors might be nursing some serious portfolio bruises this week, but bitcoin miners have their own headache — earnings per petahash just hit a five-month low, and it’s not exactly the kind of milestone anyone’s celebrating.
Canaan Inc. has secured a purchase order from a U.S.-based bitcoin miner for more than 50,000 of its latest Avalon A15 Pro mining machines, marking its largest order in three years.
By the numbers, Bitcoin’s network difficulty climbed 5.97% at block height 917,280, landing it the title of this year’s third-biggest jump.
Bitcoin miners had a modest September slump, watching revenue shrink 4.23%—that’s $69 million gone compared to August’s haul.
Bitcoin’s hashrate hit beast mode this week, flexing a record-smashing 1,109 exahash per second (EH/s) as the network cranked its computational biceps harder than ever. Meanwhile, Bitcoin’s hashrate fireworks are lighting up merge mined neighbors too, with Namecoin, Rootstock, and Fractal Bitcoin all hitching a ride on the rocket and scoring monster boosts of their own.
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