Bitcoin Mining Difficulty Barely Budges as September Revenue Hits New High

Bitcoin's mining landscape has been marked by stability in September, as the network's difficulty adjustment barely budged. According to data, the blockchain logged a modest 0.03% drop in difficulty at block height 969696, bringing it down to 132.72 trillion.

This slight decrease is the smallest move of the year and has had little material effect on bitcoin miners. The next difficulty adjustment is expected on October 18th, which could potentially bring changes to block intervals. As it stands now, block intervals are a bit slower at ten minutes and 48 seconds.

The network's difficulty has seen a net decline of -11.96% since the start of the year, but this has provided some welcome breathing room for bitcoin miners. Meanwhile, BTC's recent rally has further strengthened mining revenue, with September delivering $1.12 billion in revenue, the best month since January.

Bitcoin's hashprice, or the value generated by 1 petahash per second (PH/s), reached a 30-day high of $41.51 while dipping to a low of $37.45 per PH/s. For most of the month, however, hashprice has hovered around $40 per petahash.