U.S. Markets open in 1 hr 42 mins
  • S&P Futures

    4,279.50
    -38.25 (-0.89%)
     
  • Dow Futures

    33,693.00
    -350.00 (-1.03%)
     
  • Nasdaq Futures

    13,897.75
    -89.00 (-0.64%)
     
  • Russell 2000 Futures

    1,897.70
    -30.60 (-1.59%)
     
  • Crude Oil

    87.24
    +0.63 (+0.73%)
     
  • Gold

    1,790.90
    -4.10 (-0.23%)
     
  • Silver

    22.60
    -0.07 (-0.31%)
     
  • EUR/USD

    1.1142
    -0.0005 (-0.0446%)
     
  • 10-Yr Bond

    1.8070
    0.0000 (0.00%)
     
  • Vix

    31.90
    -0.06 (-0.19%)
     
  • GBP/USD

    1.3381
    -0.0001 (-0.0054%)
     
  • USD/JPY

    115.5750
    +0.2730 (+0.2368%)
     
  • BTC-USD

    36,239.43
    -349.66 (-0.96%)
     
  • CMC Crypto 200

    820.78
    +1.27 (+0.16%)
     
  • FTSE 100

    7,444.77
    -109.54 (-1.45%)
     
  • Nikkei 225

    26,717.34
    +547.04 (+2.09%)
     

Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • BTC-USD

Bitcoin mining company Bitfarms said it mined 339 bitcoins in November, down from 343 in October, as network difficult increased.

  • The Nasdaq and Toronto Stock Exchange-listed company reported Wednesday having mined 3,089 BTC in the first 11 months of the year.

  • Bitfarms said it was able to maintain production levels due to the delivery and installation of mining equipment, driving a 16% increase in the hashrate to 2.1 exahash per second (EH/s), attaining the target it set for the month after reaching 1.8 EH/s in October.

  • By reaching a hashrate of 2 EH/s in mid-November, Bitfarms had doubled its mining power in the last eight months.

  • During November, the firm received 400 MicroBT M30S miners and 3,588 Bitmain S19j Pro miners, with a further 702 of the latter scheduled for delivery in the first half of December.

  • “Even with an increase in network difficulty, our BTC production level held steady in November,” CEO Emiliano Grodzki said in a statement.

Read more: Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst