{"id":17445,"date":"2024-10-02T10:24:03","date_gmt":"2024-10-02T07:24:03","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-miners-revenue-hits-annual-low-in-september\/"},"modified":"2024-10-02T10:24:03","modified_gmt":"2024-10-02T07:24:03","slug":"bitcoin-miners-revenue-hits-annual-low-in-september","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-revenue-hits-annual-low-in-september\/","title":{"rendered":"Bitcoin Miners’ Revenue Hits Annual Low in September"},"content":{"rendered":"

In September, miners of the leading cryptocurrency earned a total revenue of $815.7 million. This marks the lowest figure since the beginning of the year, according to data from The Block<\/a>.<\/p>\n

\"Bitcoin-Miner-Revenue-Monthly-Google-Chrome-1\"
Source: The Block.<\/figcaption><\/figure>\n

The amount of fees in miners’ revenue amounted to $13.86 million \u2014 the lowest since the BRC-20 standard emerged in March 2023.<\/p>\n

On September 11, mining difficulty reached a historic high of 63.67 T. In the subsequent recalculation two weeks later, the figure decreased by 4.6% to 88.4 T.<\/p>\n

Alongside the recovery of bitcoin’s price to levels near $66,000, this contributed to the increase in hashprice<\/span> to around $48 per PH\/s per day (Hashrate Index<\/a>).<\/p>\n

\"Untitled-1-39\"
Source: Hashrate Index.<\/figcaption><\/figure>\n

Following a market correction at the end of the month, the metric fell back to around $44, which is significantly higher than the $38 per PH\/s per day recorded in the early weeks of September.<\/p>\n

According to JPMorgan experts, miners’ gross profit from block rewards decreased by 6% compared to August, dropping to $16,100 per EH\/s. This was reported by CoinDesk<\/a> citing the bank’s report.<\/p>\n

Analysts noted that despite the rise in the average bitcoin price and hash rate in September, the daily income of cryptocurrency miners has been declining for the third consecutive month.<\/p>\n

As experts from Glassnode suggest, due to the increase in network computing power, miners remain confident in the prospects of digital gold but may increase sales if further corrections occur.<\/p>\n","protected":false},"excerpt":{"rendered":"

In September, miners of the leading cryptocurrency earned a total revenue of $815.7 million. This marks the lowest figure since the beginning of the year, according to data from The Block. Source: The Block. The amount of fees in miners’ revenue amounted to $13.86 million \u2014 the lowest since the BRC-20 standard emerged in March […]<\/p>\n","protected":false},"author":1,"featured_media":17444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1137],"class_list":["post-17445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17445"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17444"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}