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

Share This Post

The top 11 Bitcoin mining companies by market capitalization have achieved record monthly production levels in October, the highest since the April halving event.

Data from Farside shows that every major publicly listed miner, except Terawulf, posted month-over-month production growth. Collectively, these companies increased production by 13%, bringing total Bitcoin mined in October to 3,630 BTC.

Bitcoin Miner
Bitcoin Miners’ October Production (Source: Farside)

Marathon Digital Holdings (MARA) led the production surge with 717 BTC, while CleanSpark (CLSK) followed with 655 BTC. Riot Platforms (RIOT) also saw notable gains, producing 505 BTC. Terawulf (WULF), however, experienced a slight dip, producing 150 BTC in October, down from 176 BTC in September.

These production milestones were achieved despite rising mining difficulty, which increased twice in October by an average of over 3%, according to Hashrate Index.

Bitcoin Mining Difficulty
Bitcoin Mining Difficulty Adjustments (Source: Hashprice Index)

This trend has continued into November, with mining difficulty climbing by over 6% so far. The next adjustment, scheduled for November 18, is projected to add more than a 2% increase

The post Top 11 Bitcoin miners see monthly production rise 13% in October despite rising difficulty appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogwifhat Price Prediction: After 39% Pump, Are WIF and STARS Next to Explode Like Dogecoin?

For meme coin investors, this week has been nothing short of euphoric Dogecoin has led the way by doubling in price, but smaller meme coins are taking over Dogwifhat has pumped 44% today – can

Pennsylvania introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchases

Pennsylvania’s legislature has introduced landmark legislation for establishing a Bitcoin reserve, positioning the state at the forefront of digital asset policy in the United States The bill,

Dogecoin Eyes Parabolic Rally To Price Discovery, Is The 16,000% Surge From 2020 Possible This Time?

The Dogecoin price is again eyeing a parabolic rally that will put the meme coin in price discovery and send it to new highs in this market cycle Crypto analyst Mikybull Crypto indicated that the

Bitcoin Bull Tim Draper Eyes Trump’s Return as Catalyst for Private Sector Boom: ‘Very Excited’

This week, the bitcoin bull and venture capitalist Tim Draper shared his excitement on X about Donald Trump’s potential next term “Every job they cut in the government will create three

ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi

DecideAI has announced the integration of its biometric identity verification solution, DecideID, into the Solana blockchain, aiming to enhance security and trust within the ecosystem This move

‘PEPE Breakout Starts Now’ Says Analyst As Market Cap Shoots $10B Amidst Listing News

The post ‘PEPE Breakout Starts Now’ Says Analyst As Market Cap Shoots $10B Amidst Listing News appeared first on Coinpedia Fintech News Pepe’s market capitalization has briefly topped $102