Bitcoin miners' computing power and revenue recover, easing selling pressure
2026-10-09 07:42:12
CoinMeta data: According to CryptoQuant, Bitcoin miners have emerged from a stressful period. The total computing power of the network has rebounded from 899 EH /s to 962 EH /s, with the pullback narrowing to 13%. The price of Bitcoin has risen from $58,000 to over $83,000, and miners' daily total revenue has increased from $27 million to $48 million, while daily transaction fees have rebounded from $195,000 to $275,000. Since Bitcoin reached $76,000, miners' profitability has become more reasonable. The selling pressure has eased, and in mid-September, 600 BTC were withdrawn by miners from the era of Satoshi Nakamoto, which is about one-third of the 2,000 BTC withdrawn in January. The balances of large miner addresses holding 100 to 1,000 BTC remain stable at 51,000 BTC, after a 20% decline from 64,000 BTC.
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Source:Internet
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