Bitcoin
The average monthly hashrate of the network fell by around 3% in June, the bank of Wall Street JPMorgan (JPM) said in a research report on Tuesday.
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. It is measured in exams per second (Eh / s).
“Our sense is that the decline was motivated by a seasonal restriction linked to the weather conditions in the United States, and note that Cipher, Iren and Riot work alone> 80 EH / S in Texas,” wrote the analysts Reginald Smith and Charles Pearce.
The profitability of Bitcoin extraction continues to improve. Bank analysts estimated that minors earned an average of $ 55,300 per EH / S in daily rewards for blocks last month, an increase of 7% compared to April.
The gross benefit of the daily award has increased by 13% per month at the highest level since January, analysts noted.
The total market capitalization of the 13 bitcoin minors listed in the United States. The bank follows by 23%, or about $ 5.3 billion, compared to the previous month, according to the report.
Operators with high performance information (HPC) The exhibition has outperformed pure game minors due to the speculation of an agreement between the scientific heart (Corz) and Coreweave (CRWV).
Ren (Iren) surpassed the group with a gain of 67%, while Bitfarms (Bitf) was the most efficient with a drop of 19%, added the report.
Find out more: The share of bitcoin minors listed in the United States of the Hashrate network reached the record in June: JPMorgan
