Bitcoin

On August 29, 2024, Bitcoin's <a href="https://ultramining.com/news/en/bitcoins-rebound-above-30k-boosts-hashprice-a-4-leap-in-24-hours/" rel="noopener noreferrer nofollow">hashprice</a> stood at just $42.98 per petahash per second per day. A month later, the figure has risen to $47.42 per PH/s, indicating a significant increase in miner profitability. This $4.44 per PH/s growth is a positive sign for the <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>.
Bitcoin's network difficulty decreased by 4.6% on September 25, further enhancing miners' revenues. <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">Bitcoin's price</a> has fluctuated between $62,500 and $65,700 in recent days, also impacting profitability.
However, blocks are being generated slower, with intervals of 10 minutes and 16 seconds, which could lead to a difficulty reduction of 2.74% - 2.9% in the next adjustment on October 10, 2024.

Bitcoin Hashprice Reaches $47.42 per PH/s, Up from $42.98 Last Month

Ultramining_Eng

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