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BitFuFu’s October Bitcoin Mining Output Falls Despite Steady Hashrate

BitFuFu produced 137 BTC in October, down from 167 in September, while managed hashrate stayed close to 19.5 EH/s.

Brief

By Dextape Desk ·

BitFuFu reported on November 6 that it mined 137 bitcoin in October, versus 167 in September, while its managed hashrate stayed roughly flat at 19.5 exahashes per second. The company linked part of the decline to higher network difficulty, which it said rose about 11.8 percent during October, moving from 132.76 trillion to 148.36 trillion. Within the business, self-mined output dropped from 98 coins to 67, while cloud-mining output edged up from 69 to 70. BitFuFu's holdings nonetheless grew, reaching 1,454 BTC at month-end from 1,388. Its fleet energy efficiency got better, falling to 16.3 joules per terahash, and power capacity under management decreased to 317 megawatts from 324. The figures are unaudited; the next report should show whether lower output persists under the following difficulty level.

Why it matters: It shows a miner can hold computing capacity steady yet produce fewer coins when network difficulty rises, which shapes how output figures should be read.

Mentioned: Bitcoin

Summary by Dextape, based on reporting by NewsBTC. Machine-written from NewsBTC’s report and checked against it · How Dextape writes

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