smctradermike on Nostr: 📉 #Bitcoin mining profitability took a hit in September, according to Jefferies. ...

📉 #Bitcoin mining profitability took a hit in September, according to Jefferies. With the hashrate up by 11% and $BTC prices only rising 5%, October could be an even tougher month for miners. 🚨

North American miners continue to increase their share, with companies like Marathon Digital and CleanSpark leading the pack. 📊

Will the “Bitcoin election” bring favorable policies for the industry? 🗳️ Let’s keep an eye on this! 🔥

#BTC #BitcoinMining #Nostr #Freedom #Decentralization #Crypto

https://www.coindesk.com/business/2024/10/14/bitcoin-mining-profitability-fell-in-september-jefferies-says/