Bitcoin’s hash rate has increased by 10.8% since the beginning of October

A drop in bitcoin miner prices has sparked additional interest in mining the No. 1 cryptocurrency.
A growing number of investors are starting to coming out into the market for mining equipment, seizing the opportunity to buy it at a discounted price. As a result, bitcoin’s hash rate has jumped 10.8% since the beginning of October, to an all-time high of 248.64 Eh/s, based on the average value over the past seven days.
The bitcoin mining difficulty figure is expected to change tomorrow, roughly by 13.5%. It has been holding at an average of 31.36 T lately.
According to Cryptorank, the average return on investment in bitcoin mining equipment is now about 11 months for large operators and 15 months for smaller ones.
Reducing the price of miners allows to compensate for the increase in energy costs in those countries where such rates are rising steeply. At the same time, if you combine the savings arising from the purchase of mining equipment with placement in countries where there is excess and inexpensive energy, it allows for increased profitability, which in turn will at least partially compensate for the decline in the market price of bitcoin.
The U.S. is currently the leader in bitcoin mining per unit. The largest capacities are located in Georgia (30.8%), Texas (11.2%), Kentucky (+10.9%), New York (9.8%), California (7.9%), North Carolina (4.7%), Nebraska (+4.7%) and Washington (4.1%).
If we talk about the situation in the bitcoin market, it is suggestive of the recent increase in the likelihood of its price growth. It is noteworthy that for the first time in the history of bitcoin by the end of September we can state two things. Firstly, the volatility of bitcoin prices was lower than that of the Dow Jones stock index.
A general decline in bitcoin volatility in previous years usually preceded the resumption of growth in the price of the No. 1 cryptocurrency. Second, while the key Wall Street stock indexes were down by the end of September, bitcoin was able to break out into the positive.

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