Bit Digital's monthly mining performance decreased in September

  • Ultramining.com
  • 18:50 Oct 16, 2022
  • 321
Bit Digital's monthly mining performance decreased in September

A popular public miner published a report on its activities for September of this year. It became clear that the company managed to mine 141.3 bitcoins during this period. Which is 3 percent less compared to August 2022.

The report also noted that the company did not receive a single unit of ether (ETH) for September of this year.

Reasons for the decline in performance

You don't have to be a serious crypto-world analyst to objectively outline the problems faced by miners of BTC and other virtual coins.

  1. Increases in network speed hashing.
  2. Changes in the cost of electricity in the regions.
  3. Falling bitcoin costs and others.

Other information provided by Bit Digital

The company's report also stated that as of September 31 this year, the organization has about forty thousand bitcoin mining installations.

Background

Bit Digital is headquartered in New York, USA. The company's mining facilities are located in North America.

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