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Bitcoin Miners Post Strong September as Difficulty Barely Budges

Bitcoin miners recorded $1.12 billion in September revenue, marking their strongest month since January, while network difficulty experienced a negligible adjustment.
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Bitcoin Miners Post Strong September as Difficulty Barely Budges

Bitcoin's blockchain recently logged a minimal difficulty adjustment at block height 969696, dropping by just 0.03% to rest at 132.72 trillion. Because difficulty automatically adjusts to keep block times near ten minutes, this minor change had virtually no material impact on operations. Block intervals currently average ten minutes and 48 seconds.

So far in 2026, the network has recorded 19 total adjustments, consisting of eight increases and 11 decreases. The recent reduction leaves the network with a net difficulty decline of 11.96% since the start of the year, providing breathing room for mining operators.

Hashprice and Revenue Highlights

Accompanying the stable difficulty, Bitcoin's hashprice—the estimated value of daily output generated per petahash per second (PH/s)—remained above $40 for much of the period. Metrics showed hashprice reaching a 30-day high of $41.51 and a low of $37.45 per PH/s.

Supported by a recent price rally through August and September, miner revenues climbed significantly. According to metrics from newhedge.io, bitcoin miners generated $1.12 billion in September, marking the best monthly revenue figure since January's $1.15 billion and outperforming May 2026's $1.08 billion.

The next network difficulty adjustment is currently expected to take place on October 18, 2026.

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