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October Boosts Bitcoin Miners’ Revenue—But How Will the Election Shift the Market?

With bitcoin prices on the rise in October, miners are seeing a bit more cash in their pockets compared to the start of the month. The network’s hashprice, which represents…

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Bitcoin Shatters All-Time Hashrate Record at 698 EH/s as Miners Defy Market Challenges

According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous…

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September Slump: Bitcoin Miners See 2024’s Lowest Revenue

According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s…

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Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls

On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the…

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Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints

Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to…

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Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per…

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Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6…

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