Bitcoin

<a href="https://cryptotale.org/comprehensive-review-on-bitcoin-history-working-and-risks/" rel="noopener noreferrer nofollow">Bitcoin’s</a> mining difficulty surged to a new record of 101.6 trillion. This milestone reflects the intense competition among miners as they strive to secure rewards in an increasingly complex network. Despite this challenge, major miners Marathon Digital and Riot Platforms reported strong production figures for October.Marathon Digital&#39;s revenues hit their highest monthly revenues since the halving in April by mining 717 BTCs worth $48.8 million. To this achievement, the company partly credited its rising hashrate, which went up 14 percent to above 40 EH/S. According to Fred Thiel, CEO of Marathon, this increase in computing power cannot be overemphasized as it is one of the reasons that led to the production surge.Additionally, Marathon benefited from higher transaction fees in October, which contributed around 5% to its total <a href="https://cryptotale.org/bitcoin-nears-70000-potential-1b-liquidations-ahead/" rel="noopener noreferrer nofollow">Bitcoin</a> output. The firm’s proprietary mining pool, MARAPool, and private mempool Slipstream also enabled it to earn $400,000 worth of Bitcoin from two high-fee transactions.Riot Platforms also reported a strong October, mining 505 Bitcoin valued at $34.4 million. This represented a 22.6% increase from the previous month. The company attributed this growth to recent installations of new MicroBT miners at its Corsicana facility, which raised its hashrate to 29.4 EH/s. Riot’s increased hashrate allowed the company to maximize its output, overcoming some of the obstacles posed by rising network difficulty.Despite the positive production results, both companies’ stocks experienced declines on Nov. 4. Marathon’s stock dropped by 3.79%, while Riot’s fell by 4.87%. This stock reaction suggests that investors remain cautious about the rising network difficulty and its potential impact on profitability.<a href="https://cryptotale.org/marathon-and-riot-boost-bitcoin-output-amid-record-difficulty/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Marathon and Riot Boost Bitcoin Output Amid Record Difficulty

CryptoTale

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