Bitcoin Mining Profitability Hits 2024 Record Low in September, Down 6%

Bitcoin mining revenue and gross profit fell for the third consecutive month in September 2024, according to JPMorgan. Daily Bitcoin block reward gross profit decreased by 6% to $16,100 per EH/s, marking the lowest point since records began. This decline represents the lowest profitability measure in recent records for Bitcoin mining companies. The month has been referred to as the 'September Slump' for Bitcoin miners.

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