2 months ago
Two of the largest nationalist Bitcoin miners — Marathon Digital and Riot Platforms — recorded their highest monthly Bitcoin accumulation since the April halving event, contempt the industry’s ongoing challenges with rising mining difficulty.
On Nov. 4, Marathon Digital announced that it boosted its Bitcoin accumulation by 2% to 717 BTC successful October, marking its strongest monthly accumulation since the halving lawsuit that chopped mining rewards by half. The steadfast stated that it achieved this milestone contempt a insignificant diminution successful artifact wins owed to heightened web difficulty.
Marathon’s Bitcoin production
Marathon’s Chairman and CEO Fred Thiel explained that higher transaction fees successful October boosted the firm’s BTC production, which accounted for astir 5% of the full BTC mined.
According to Thiel, 2 ample transactions unsocial generated fees of 3.217 BTC and 2.665 BTC, showcasing the imaginable of Marathon’s proprietary mining exertion to seizure further revenue. Thiel stated:
“We judge that our proprietary exertion platforms specified arsenic Slipstream and MARAPool, our proprietary mining pool, let america to seizure each imaginable benefits and instrumentality vantage of higher transaction fees arsenic they arise.”
Meanwhile, Marathon’s progressive hashrate climbed to 40.2 exahashes per 2nd (EH/s), a 14% summation from September. Thiel noted that this fig showed that the institution remains connected way to scope its 50 EH/s people by year-end by installing caller miners, infrastructure upgrades, and energizing further immersion containers.
As of Oct. 31, Marathon held 27,562 BTC, including 4,499 restricted coins, and maintained an mean regular accumulation of 23.1 BTC passim the month.
Riot sees a 23% increase
Similarly, Riot Platforms reported producing 505 BTC successful October, marking a 23% summation from September’s 412 BTC and mounting a caller post-halving record. The company’s regular accumulation besides roseate from 13.7 BTC successful September to 16.8 BTC successful October.
Riot CEO Jason Les attributed the accumulation summation to gains successful hashrate deployment and operational efficiency. Riot’s hashrate roseate to 29.4 EH/s successful October, up from 28.2 EH/s successful the erstwhile month, driven by the deployment of caller MicroBT miners astatine the Corsicana facility.
By the extremity of October, Riot’s Bitcoin holdings roseate to 10,928 BTC, up from 10,427 BTC successful September.
The station Bitcoin miners Marathon and Riot execute grounds post-halving production appeared archetypal connected CryptoSlate.
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