🚀 Bitcoin mining update! JPMorgan's latest report reveals a mixed bag for September. While the network hashrate climbed 2% to 643 EH/s, daily mining revenue and gross profit took a hit for the third consecutive month. 📉

Miners earned an average of $42,100 per EH/s, down 6% from August, with daily block reward gross profit hitting a record low of $16,100 per EH/s. Transaction fees remained subdued, contributing less than 5% to block rewards.

Despite the dip in profitability, the total market cap of 14 U.S.-listed miners rose 4% to $21B. Hut 8 led with a 21% gain, while CleanSpark lagged with a 13% decline.

What are your thoughts on these trends? Share below! 👇 #Bitcoin #CryptoMining