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Top 11 Bitcoin miners see monthly production rise 13% in October despite rising difficulty

November 9, 2024
in Crypto Exchanges
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The highest 11 Bitcoin mining firms by market capitalization have achieved report month-to-month manufacturing ranges in October, the very best because the April halving occasion.

Knowledge from Farside reveals that each main publicly listed miner, besides Terawulf, posted month-over-month manufacturing progress. Collectively, these firms elevated manufacturing by 13%, bringing complete Bitcoin mined in October to three,630 BTC.

Bitcoin Miners’ October Manufacturing (Supply: Farside)

Marathon Digital Holdings (MARA) led the manufacturing surge with 717 BTC, whereas CleanSpark (CLSK) adopted with 655 BTC. Riot Platforms (RIOT) additionally noticed notable features, producing 505 BTC. Terawulf (WULF), nonetheless, skilled a slight dip, producing 150 BTC in October, down from 176 BTC in September.

These manufacturing milestones had been achieved regardless of rising mining problem, which elevated twice in October by a median of over 3%, in line with Hashrate Index.

Bitcoin Mining Difficulty
Bitcoin Mining Problem Changes (Supply: Hashprice Index)

This pattern has continued into November, with mining problem climbing by over 6% to date. The subsequent adjustment, scheduled for November 18, is projected so as to add greater than a 2% improve

Disclaimer: Our writers’ opinions are solely their very own and don’t mirror the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any mission which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought-about a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no accountability must you lose cash buying and selling cryptocurrencies.



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