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Investment bank Jefferies said in a research note on Wednesday that profits from bitcoin mining in August were much lower than in July. The average bitcoin price fell by more than 4% and the average network hashrate rose by about 2.7%. Affected by this, the average monthly daily income of miners fell by 11.8% from the previous month. "September will be another difficult month as bitcoin prices remain below $60,000 and network hashrate continues to climb," the analysts wrote. Bitcoin hashrate is ...
According to the latest research report by investment bank Jefferies, U.S. listed mining companies made higher profits in bitcoin mining in June than in May, and U.S. miners expanded new production capacity while the hash rate of the bitcoin network declined, thus grabbing a larger market share.
