In October, Bitcoin mining computing power reached a historical high, but profits lagged behind.

Golden Finance reports that Bitcoin Computing Power has reached an all-time high, but the continuously rising Block difficulty continues to squeeze Miner profits. In October, Bitcoin miners faced multiple pressures. The industry set a record of 1.13 EH/s in computing power in October, indicating a rise in Bitcoin mining participation. However, increased mining difficulty, rising energy prices, and a record $19 billion liquidation have cut into miner profits. It is worth noting that the daily earnings per EH/s decreased by 7% from September, dropping from $52,000 to $48,000. Additionally, the decline in Bitcoin prices has also reduced miner rewards, with the Hashprice dropping nearly 12% this month.