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The Bitcoin (BTC) economy of mining weakened in February, JPMorgan says



The total market cap of the 14 -listed US miners as the Wall Street Bank JPMorgan (JPM) tracks dropped 22% in February as the price of Bitcoin (BTC) refused and the mining economy was under pressure.

Bitcoin miners with exposure to high performance computing (HPC) fell following the Deepseek The announcement of artificial intelligence (AI), and due to concerns about demand for data center capacity in the near term, the bank said.

Earning and profitability fell last month. The bank estimated that Bitcoin miners earned $ 54,300 per eh/s on average in the sun -reward of the block reward in February, a 5% decline from the month ago.

“The day -to -day block reward gross profit denied 9% m/m up to $ 29,500 per eh/s in February,” analysts Reginald Smith and Charles Pearce wrote.

The average network hashrate rose 3% to 810 exahashes per second (eh/s) last month, the report said.

The Hashrate Refers to the total combined computational power used in mine and process transactions in a Proof-of-work Blockchain.

Mining difficulty has increased by 2% since January, the bank said. Network difficulty is 28% higher than before Separate event in April last year.

The Core Scientific (Corz) is the best performer with a 9% fall, and the greenidge generation underperformed with a 36% decline for the month, the report added.

Read more: The US Bitcoin Miners listed cost 29% of the global hashrate in February: JPMorgan



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