The Bitcoin (BTC) The Mining Earning Earn fell in April while Network Hashrate Rose: Jefferies
Bitcoin
The profitability of mining fell in April while the Network Hashrate Rose, Investment Bank Jefferies said in a research report on Tuesday.
“The profitability of BTC mining was reduced by 6.6% in April, driven by a 6.7% increase in network hashrate,” analysts Jonathan Petersen and Jan Aygul wrote.
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.
Listed publicly with mining companies made 3,277 Bitcoin in April, a collapse from 3,534 coins mined in March, the report was mentioned, and these firms cost 24.1% of the total network last month, compared to 24.8% in the month ago.
The Mara Holdings (Mara) was mined the most -bitcoin, with 705 tokens, followed by Cleanspark (CLSK), which made 633 BTC, Jefferies said.
Mara’s installed hashrate remained the highest at 57.3 exahashes per second (eh/s), with a second cleanspark with 42.4 eh/s, the bank was mentioned.
Iren (Iren) has the highest indicated time of time around 97%, followed by Hive Digital Technologies (Hive) at about 96%, the report added.
Read more: The hashrate of the Bitcoin Network rose slightly in the first two weeks of May: JPMorgan
