CandleFocus Bitcoin Mining Economics Improved in the First Half of November: JPMorgan
2024-11-19
Author: Content Editor
According to a research report by JPMorgan, Bitcoin mining economics improved in the first half of November. The hashprice, a measure of mining profitability, increased by 29% since the end of October due to the BTC rally and an increase in transaction fees. The total market cap of the mining stocks tracked by the bank rose 33% ($8 billion) from October 31 to November 15. The report also noted that U.S.-listed bitcoin miners now account for about 28% of the global network.
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