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Bitcoin Mining Revenue Hits Yearly Low as Fees Decline in September

  • Bitcoin miners earned only $816 million in September, the lowest in over a year, due to reduced transaction fees and high operating costs.
  • The decline in revenue highlights the challenges faced by Bitcoin miners, including higher mining difficulty and lower rewards post-halving.
  • Transaction fees were exceptionally low in September, contributing to the decline in mining income.
  • Rising mining costs and the block reward halving have made it more difficult for miners to be profitable.

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