The US -listed miners listed in the US cost 29% of the global hashrate in February, says JPM (JPM)
The total hashrate of the US listed listed in the US (Btc) Miners monitored by JPMorgan (JPM) were nearly double from a year ago and are now worth about 29% of the global network, the bank said in a report on Tuesday.
The joint hashrate of 14 companies “rose ~ 95% y/y to 244 eh/s, compared to a 45% increase in network hashrate,” analysts Reginald Smith and Charles Pearce wrote.
The network Hashrate is a proxy for competition in industrial poverty and mining. The hashrate of the Bitcoin network rose almost 6% to this month, and rose to 45% in the last 12 months, the report said.
“The average price of Bitcoin has also refused moderately since January, pressing the mining economy,” those who set up.
The hashprice, a measure of the sunny profitability of mining, dropped 13% from the end of January, as the hashrate rose and the price of Bitcoin collapsed, JPMorgan said.
The bank estimated that miners earned nearly $ 53,600 in the sun -day -to -day Block rewards this month, 6% less than January.
The total market cap of Bitcoin mining stocks in the bank range was 1% less than last month, the report was added.
Iren (Iren) exceeds the first two weeks of February with a 27% gain, the bank said. The greenidge generation (GREE) does not change 20% collapse.
In a Monday report, broker Bernstein said Bitcoin mining stocks are increasing their part of the network hashrate.
Read more: Miners listed in the US grow their part of the network hashrate: Bernstein
