Bitcoin
The Investment Bank said in a research report on Monday that the profitability of mining increased by 18.2 % in May, due to an increase of 20 % in the BTC price and a modest increase of 3.5 % in the network retail network.
“The BTC Rally follows the last golden gathering where investors seek to protected inflation assets in anticipation of the financial deficit in the United States, among other countries,” said analysts Jonathan Petersen and Jean Ageoul.
Retail indicates the total calculations combined used in mining transactions and transaction processing on a Proof of work Blockchain, a manufacturer in industry and the difficulty of mining.
The report said that the mining companies listed in the United States took advantage of 3,754 Bitcoin in May compared to 3,278 in April. The bank indicated that North America miners represent 26.3 % of the total network last month, compared to 24.1 % in April.
The bank said that Mara Holdings (MARA) took advantage of the most encrypted in the group, in 950 Bitcoin, an increase of 35 % over the month of the month, followed by Cleanspark (CLSK), which took advantage of 694 symbols.
The shadow of the Merra installed is the largest at 58.3 Exhashes per second (EH/S). Cleanspark was second with 45.6 EH/S, the report indicated.
The bank has reduced the MARA price goal to $ 16 from $ 18, with a repeated classification on the arrow.
Read more: Jpmorgan says Bitcoin miners had one of their best quarters on the record.
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