2024-09-22 23:28
IndustryThe profitability of bitcoin mining is falling
According to experts of the American bank JPMorgan, the average income of miners of the first cryptocurrency fell to $43,600 per EH/s. Analysts noted that the complexity of bitcoin mining has increased by 9%.
Three years ago, mining was more profitable and brought companies $342,000 per EH/s. At the same time, bitcoin was trading above $60,000 and had a hash rate of 161 EH/s.
“The average network hashrate was 631 EH/s in August, up 16 EH/s from the previous month and about 20 EH/s below pre-halving levels. Mining yields fell to a record low”
- the report said.
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The profitability of bitcoin mining is falling
| 2024-09-22 23:28According to experts of the American bank JPMorgan, the average income of miners of the first cryptocurrency fell to $43,600 per EH/s. Analysts noted that the complexity of bitcoin mining has increased by 9%.
Three years ago, mining was more profitable and brought companies $342,000 per EH/s. At the same time, bitcoin was trading above $60,000 and had a hash rate of 161 EH/s.
“The average network hashrate was 631 EH/s in August, up 16 EH/s from the previous month and about 20 EH/s below pre-halving levels. Mining yields fell to a record low”
- the report said.
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