Bitcoin Miners Enjoy Strong September as Difficulty Slightly Decreases
- Bitcoin difficulty dipped just 0.03% to reach a level of 132.72 trillion at block number 969696.
- September was the most profitable month for bitcoin miners since January, with revenues hitting $1.12 billion.
- The hashprice, or value of daily output per petahash per second (PH/s), hovered around $40, peaking at $41.51 and dipping to $37.45 during the month.
- Since the start of the year, Bitcoin’s net difficulty has decreased by -11.96% due to eight increases and eleven reductions in difficulty levels.
The slight reduction in mining difficulty provides some relief for bitcoin miners, allowing them to capitalize on recent revenue gains as hashprice remains stable near $40 per PH/s.
September’s mining revenue nearly matched January’s high, indicating strong performance amid a net decline in Bitcoin’s difficulty this year of -11.96%. (Source)
