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.
- Content Editor ( coindesk.com )
- 2024-11-19
Bitcoin Mining Economics Improved in the First Half of November: JPMorgan