CandleFocus Bitcoin Miners’ Revenues Decline for the Third Month in a Row: CEOs Speak Out
2024-10-08
Author: Content Editor
In September, public Bitcoin miners experienced a decrease in daily revenues for the third consecutive month. This coincided with a rise in the network's difficulty, creating challenges for the industry. Despite the Bitcoin network's hash rate increasing by 2% to 643 exahashes per second, miners' earnings per EH/s dropped by 6% to an average of $42,100. However, the combined market value of 14 U.S.-listed Bitcoin miners monitored by JPMorgan increased by 4% to $21 billion during the month.
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