The Hashrate of the Bitcoin network increased 2 exashashes per second (EH / S) during the first two weeks of March, to an average of 811 EH / S, the Wall Street Bank Jpmorgan (JPM) said in a research report on Monday.
JPMorgan noted that minors listed in the United States had maintained their share of the network’s hashrate at around 30%.
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 “average price of Bitcoin decreased ~ 10%, putting pressure on the mining economy during the period,” wrote analysts Reginald Smith and Charles Pearce.
The hashprice, a measure of the profitability of daily mines, was largely unchanged from the end of last month, noted the report.
Minors have gained approximately $ 48,300 in block rewards by EH / S in the first two weeks of March, a drop of 11% compared to February and a decrease of 52% since last April’s rambling event, the bank said.
The total market capitalization of the 14 minors listed in the United States according to which the Bank follows has slipped 13%, or about 3 billion dollars, compared to the previous month.
Argo Blockchain (Argo) outperformed with a 1%gain, while the exploitation of figure was underperformed with a decrease of 25%. Only one of the minors in the bank’s coverage surpassed Bitcoin during the same period, added the report.
Find out more: Bitcoin Mining Economics weakened in February: JPMorgan
