Bitcoin
Network Monthly Average Hasht fell nearly 3% in June, Wall Street Bank JP Morgan (JPM) Said in a research report on Tuesday.
Hasht refers to the total joint computational power used to use me on a proof-of-work blockchain and process transactions, and is a proxy for competition and mining difficulty in the industry. It is measured in a second exposure (Eh/s),
“Our understanding is that the decline was operated by the seasonal weather -related cutlement in the US, and note that Cipher, Ereon and the riots alone operate in Texas> 80 EH/s,” Analysts wrote Raginald Smith and Charles Perers.
Bitcoin mining continues to improve profitability. Bank analysts estimated that the miners earned an average of $ 55,300 per EH/S in the revenue of the daily block reward last month, growing 7% from April.
Analysts said the daily block reward gross profit increased by 13% month to the highest level.
The report stated that the total market cap of 13 US-list bitcoin miners grows 23%or about 5.3 billion dollars from last month.
Operator with high performance computing (HPC) Exposure improved pure-play miners due to speculation of a deal between core scientific (Corz) And coreweave (CRWV),
Irene (Ireen) Bitfarms improved the group with 67% profit (Bitf) The report stated that the 19% decline was the worst artist.
Read more: US-Listed bitcoin miners’ network hashet hits high record high in June Hit Record High: JP Morgan
