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Bit Digital reduced bitcoin production by 3%
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Bit Digital reduced bitcoin production by 3%

Oct 15, 2022

BIT Digital, engaged in bitcoin mining, was obtained for September 141.3 BTC. This indicator is 3% less than past periods

The company's reserve fund has 943.3 BTC (about $ 18.3 million) and 5261.7 ETH ($ 7 million).

At the end of the month, Bit Digital owned 38,594 bitcoins and 730 Ethereum miners with hashrate data at 2.7 eh/s and 0.3 eh/s, respectively. During this period, the broadcast was not mined, since the network was transferred to the new Proof-OF-Stake protection algorithm.

Compute North, one of the largest suppliers of data processing centers in the United States, provided the Bit Digital miners with additional capacity. However, after Compute North declared itself bankrupt, the issue of cooperation will be revised. The Bit Digital team notes that this statement will not affect the current mining.

Earlier, analysts noted that many miners suffered due to the crypto winter, but managed to maintain their financial situation.

Recall that on October 13, a sharp fluctuation in Bitcoin price began. The cost of BTC dropped below $ 19,000.

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