The Bitcoin (BTC) Network Hashrate Growth was that -muttered in January, says JPMorgan (JPM)
The hashrate of the Bitcoin network, a proxy for competition in industrial poverty and mining, rose slightly in January, Wall Street Bank JPMorgan (JPM) said in a research report on Monday.
The monthly average network hashrate increased by 1% to 785 exahashes per second (eh/s), the bank noted, while mining difficulty fell 2% month-to-month.
The end of the month, the weekly transfer of the average hashrate was 781 eh/s, a 2% decline from the end of December, the report said.
“This is quite unusual, and a moderate tail for the Bitcoin (BTC) mining economy,” analysts Reginald Smith and Charles Pearce wrote, adding that network difficulty remains 25% higher than before Separate event Last April.
According to a The CoinDesk report from TuesdayThe 7-day move of the average bitcoin hashrate hit a full time of 833 exahashes per second (eh/s).
Mining profitability is higher in January. The bank estimated that miners earned an average of $ 57,200 per eh/s in the day -to -day block reward of the block, an increase of less than 1% since December.
The total cap of the Bitcoin miners market whose bank tracks rose 5% from the month ago.
Cipher mining (CIFR) and Riot platform .
Terawulf (wulf) was unchanged in January, with shares dropping 16%.
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