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

XRP Below $1? Not Happening, Claims Millionaire Analyst

Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC) Even during the mini bull run immediately

Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project

The post Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project appeared first on Coinpedia Fintech News As per the latest Bloomberg report, Financial services firm Cantor

As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens

The post As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens appeared first on Coinpedia Fintech News As Bitcoin approached the $100,000 price level, Stablecoin issuer

$495M Worth Crypto Liquidated In The Past 24 Hours Amid Market Correction!

The post $495M Worth Crypto Liquidated In The Past 24 Hours Amid Market Correction! appeared first on Coinpedia Fintech News Bitcoin plunged to the $95,000 level after failing to touch $100,000 on

BTC Slips To $96K, Liquidations Near $500M; Why Is Bitcoin Dropping?

The post BTC Slips To $96K, Liquidations Near $500M; Why Is Bitcoin Dropping appeared first on Coinpedia Fintech News This bull season, Bitcoin has seen one of the biggest price pumps in its history

Donald Trump’s Commerce Secretary picks Cantor Fitzgerald to collaborate with Tether on $2B BTC project

Financial services firm Cantor Fitzgerald, which serves as Tether’s banking partner, is looking to work with the stablecoin issuer on a program that will allow clients to borrow dollars against