The Hashrate of the Bitcoin network increased by 2% in the first two weeks of May to an average of 885 exams per second (EH / S), the Wall Street Bank Jpmorgan (JPM) said on Friday in a research report.
The hashrate refers to the total combined calculation power used to exploit and treat transactions on a blockchain of evidence of work, and is an indirect indicator of competition in the industry and mining difficulties.
The profitability of minors improved in May, as the price of bitcoin
Rose and the raw margins have developed, said the bank.
The hashprice, a measure of the profitability of daily mines, increased by 13% compared to April, which, according to the bank, was “encouraging”.
“We believe that minors have won ~ ~ $ 50 100 in daily rewards of reward by EH / S in the first two weeks of the month, up 13% compared to last month and 3% in Y / Y,” wrote analysts Reginald Smith and Charles Pearce.
Minors classified by the United States have maintained its share of network owners and currently represents approximately 30.5% of the network, an increase of 1.1% compared to April, said the bank.
The total market capitalization of the 13 Bitcoin extraction shares listed in the United States according to which the bank is up 24%, or 4.6 billion dollars this month.
Bitdeer (BTDR) outperformed with a gain of 43%, while Greenidge (Gree) underperformed the sector with a decrease of 5%, according to the report.
Find out more: Bitcoin minors with HPC exhibition subperformed BTC for the third consecutive month: JPMorgan
