Monthly Mining Report (September 2020)
Bitcoin started September at a price of $11600, but dropped rapidly on the first week, then it slowly recovered to $11100 at the end of the second week (2020–09–19), as of September 21st morning, however, BTC has fallen to $10,450 as crypto markets drop along with the stock market. It recovered later within the fourth week, ending at a price of $10825.
According to Glassnode data, the bitcoin compass stayed in the bullish Regime 1, and remained in this quadrant over the last 18 consecutive weeks and indicating healthy fundamentals of the largest crypto by market cap.
Daily Net Mining Revenue
The daily net mining revenue per Th/s during this month has gradually decreased from $0.06 to $0.045. This can be explained by the decline in BTC price, and the significant increase in mining difficulty in September 20, when the difficulty increased by 11.35%.
As the wet season ends by the end of October, miners may see a decrease in difficulty if the BTC price will not skyrocket suddenly.
Cumulated Mining Revenue in USDT
The B.TOP’s miners have gained a cumulative net revenue of $1.456 per Th/s in September, if this trend continues, it will take 17.5 months for miners to reach break-even point.
The Batch Hwa01, being activated since 28/07/2020, has reached a 13% cumulated return on investment, that is 6% increase based on last month record.
Please refer to your account to check your Batch number.
B.TOP, the world’s first joint mining platform, lowers the entry barrier to cryptocurrency mining for anybody anywhere in the world by providing a one-stop solution for enthusiasts and professionals, both retail and institutional, to mine cryptocurrencies from the comfort of their homes or offices. B.TOP purchases the mining machines from the manufacturers, installs them in its industrial scale data centers across China, maintains some of the highest uptimes and charges no extra fee from its users until they have broken even. B.TOP is a wholly owned subsidiary of BTC.TOP.
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