menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Rising Bit...
source image

Crypto-News-Flash

1M

read

188

img
dot

Image Credit: Crypto-News-Flash

Rising Bitcoin Hash Rate Causes Miner Revenue Decline in September

  • Bitcoin miners revenues dropped in September due to a rising network hash rate and increasing mining difficulty.
  • The network hash rate increased by 2%, reaching 643 exahashes per second (EH/s), causing mining difficulty to peak and reducing miners' average income per exahash by 6%.
  • Miners faced challenges from lower rewards and higher costs after the halving, resulting in reduced profitability.
  • Some mining companies are exploring diversification into artificial intelligence and high-performance computing to sustain their operations.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app