Bitcoin Miners’ Cash Cow Depleted: Epic 4.23% Plunge! 😱💸

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Ah, the weary souls of Bitcoin miners trudged through September’s dust, their coffers lightened by a paltry 4.23%-a measly $69 million slip from August’s promised land, like grapes fallen from the vine before the harvest. 😂

September’s Sorry Harvest for the Bitcoin Miners’ Bounty

In these parts, over at hashrateindex.com, they’re sayin’ the going rate for them fancy petahash per second (PH/s) of SHA256 hashrate’s dwindled to $52.10-a tad below the $53.15 we saw at the month’s dawn. September sure weren’t no gilded age for them bitcoin miners-revenue crept down by $69 million from last month’s feast, settlin’ at $1.564 billion, sarcastic as a jester in a king’s court. 🙃

Near all of that loot ($1.550 billion) come from them block rewards, sturdy as an old oak, with just a thin $14 million drippin’ from them onchain fees, tally from newhedge.io. Truth be, them bitcoin miners slid from gatherin’ $1.633 billion back in August-$13 million of that from meager transfer fees-to this meager plate, emojis weepin’ for the fallen. 😭💰

Image source: newhedge.io

September’s numbers lagged even July’s ghosts, with them miners scratchin’ together $1.61 billion total, mostly from subsidy alone at $1.595 billion. Them onchain fees, stingy as a miser, give miners less than 1% of the pie, and the daily average hovered at 0.65% of them block rewards, laughable ain’t it? 🚀😏

Yet with revenues droppin’ like flies in fall, them miners ain’t restin’-hashrate’s bulkin’ up fierce at 1,065.53 exahash per second (EH/s), way taller than a month past’s shadow. In September, Bitcoin’s mighty compute hit a high of 1,109 EH/s, and today’s blocks are churnin’ quicker than a man’s heart after a bad meal-averagin’ nine minutes twenty-six seconds, sarcastic grins all around. 😆⏰

This frenzy’s got ’em burnin’ through them 2,016-block epochs swifter than a wildfire, teein’ up a likely 4.63% to 5.9% difficulty bump today. Course, that’s just a guess, could flip like a coin if blocks play tricks. With income slippin’ and difficulty risin’, only them fittest rigs’ll survive-the rest, squeezed tighter than a vice in a hard man’s grip, emojis scarin’ off the weak. 💪😨

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2025-10-01 18:57