CoinVoice recently learned that according to CoinDesk, research by investment bank Jefferies showed that Bitcoin mining profits declined in September, even though Bitcoin prices remained relatively stable and network computing power rose by about 1.7%. The bank pointed out that the average daily revenue per Exahash fell by 2.6%.
Additionally, October may have been more difficult for miners, with network hashrate increasing by 11% despite a roughly 5% increase in the bitcoin price, further weighing on earnings.
The report also shows that the mining share of North American listed mining companies in September increased from 19.9% in August to 22.2%, among which Marathon Digital mined the most bitcoins, reaching 705, followed by CleanSpark (CLSK), which mined 493. [Original link]
