According to a report by investment bank Jefferies, bitcoin's rise to a new all-time high earlier this week is expected to allow miners to extend their November profitability into December.
The bitcoin mining economy improved in November. The average price of bitcoin increased by 31%, while the average network hash rate increased by nearly 4%. The average daily revenue per exahash was $55,649, an increase of 20.7% month-on-month. The number of bitcoins mined by listed miners in the United States decreased in November compared to the previous month, but the share was more, accounting for 24.7% of the entire network. MARA Holdings (MARA) mined the most bitcoins in November with 907, and CleanSpark (CLSK) ranked second with 622.
Jefferies report: US mining companies accounted for 24.7% of total network output in November
2024-12-19 11:42:43
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