The hashrate of the Bitcoin network is back to recording highs last month, rising around 50 exahashes per second (Eh/s) On average 949 eh/s, Wall Street Bank JPMorgan (Jpm) said in a research report Tuesday.
The Hashrate Refers to the total combined computational power used in mine and process transactions in a Proof-of-work Blockchain, and a proxy for industry and mining poverty competition.
The total market cap of 13 listed in the US listed in Bitcoin Miners Bank tracks also hit a record high in August, with high performance computing (HPC) Implementation driving the acquisitions.
Terawulf (Wulf) announced a Colocation Deal with fluidstack and Iren (Iren) Expanded GPU’s armadamentioned by the bank.
With the hashrate on a record, the profitability of mining has refused from last month as the price of bitcoin dropped.
“We estimate Bitcoin miners who gained an average of $ 55,100 per eh/s in the day -to -day reward of the block reward in August, down 4% from July,” analysts Reginald Smith and Charles Pearce wrote. The day -to -day block reward gross profit also fell, lowering 7% to $ 31,900 per eh/s, the analysts wrote.
The combined market cap of 13 listed in miners listed in the US whose JPMorgan analyst track has advanced 23% from the month ago, or around $ 7.4 billion.
Terawulf was enlarged by an 83% gain, while the greenidge generation (Gree) Underperformed the group with 22% decline, the report added.
Read more: The 7 -day average hashrate of Bitcoin hits 1 Zettahash for the first time
