Bitcoin Mining Profitability Declines

🟤 Investment firm Jefferies has published a report revealing that Bitcoin mining profitability continues to decrease every month. For example, in September, the profitability of mining the leading cryptocurrency was lower than in August.

🟤 Experts Joe Dickstein and Jonathan Peterson believe that miners may face more difficulties in October, as the price of BTC rose by 5%, while the network’s hash rate increased by 11%. This imbalance could lead to further declines in the profits of mining companies.