Bitcoin Miners’ Revenue Fell 4.23% in September as Difficulty Hike Nears
Bitcoin miners had a modest September slump, watching revenue shrink 4.23%—that’s $69 million gone compared to August’s haul.
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.
Although the network’s mining difficulty cranked up 4.63% just four days ago, that bump barely ruffled the miners. The machines kept churning with wild devotion, and the protocol’s horsepower blasted its way to a shiny new all-time high of 1,091 exahash per second (EH/s).
At an operating expense of $0.04 per kilowatt-hour (kWh), the current crop of SHA256 bitcoin miners sorts into a clear profit ladder, with high-hashrate hydro units setting the pace and a few efficient air and immersion options keeping things interesting.
BITF has taken off and the momentum isn’t fading. Is there a development the market’s quietly pricing in? Or is it time to re-rate the stock altogether?
Bitdeer (Nasdaq: BTDR) unveiled its Sealminer A3 line on Tuesday, pitching more terahash per watt for miners who count joules like pennies.
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