China News Official TheBitTimes.com

Marathon Digital, in particular, produced 1,232 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards. Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4. The firm’s balance sheets also strengthened despite Bitcoin’s price (BTC) recording another month of sideways movement — hovering between the $25,100 and $28,500 mark. Marathon's Bitcoin production rises 245% Bitcoin mining firm Marathon Digital produced a total of 1,242 BTC in September — a 16% increase from August and a massive 245% increase from September 2022. The huge spike in BTC production came from a 508% increase in the firm’s installed hashrate from 3.8 exahashes per second (EH/s) in September 2022 to 23.1 EH/s, according to Marathon’s September results. Marathon Digital Holdings’ September #Bitcoin Production Update is here: - Increased Monthly Average Operationa...

ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace. Bitcoin ASIC miner s — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel price s not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miner s, those generating at least one terahash per 38 joules of energy, have seen their price s fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec. 25. Miners in these category include Bitmain’s Antminer S19 and MicroBTC’s Whatsminer M30s. The same statement holds true for the mid-tier machines, with price s now averaged out at $10.23 after falling a massive 89.36% from its peak price of $96.24 on May. 7, 2021. However, the least efficient machines, ones that require more than 68 Joules per TH, are ...