๐ Despite Bitcoin mining profits taking a nosedive in August, there's a silver lining! ๐ While BTC prices dipped and hashrates climbed, operational efficiency is on the rise. ๐ช
1๏ธโฃ August saw a 4% drop in BTC prices and a 2.7% rise in network hashrate, leading to an 11.8% fall in daily revenue per exahash.
2๏ธโฃ September might be tough too, but miners are getting smarter and more efficient.
3๏ธโฃ Marathon Digital led the pack with 673 BTC mined, followed by CleanSpark with 478 BTC.
Feeling optimistic? Share your thoughts in the comments! ๐ฌ #DeFi #Web3 #BitcoinMining #Crypto