The Bitcoin Network hashrate returned to record heights last month, increasing around 50 exams per second (Eh / s) an average of 949 EH / S, Wall Street Bank 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.
Total market capitalization of 13 Bitcoin classified in the United States Miners Bank tracks also reached a record in August, with a high performance calculation (HPC) execution leading to gains.
Terawulf (Wulf) announced a colocation agreement with Fluidstack and Iren (Iren) Extended its GPU fleet, noted the bank.
With the hashrate in a record, the profitability of mines decreased compared to the previous month as the price of Bitcoin fell.
“We believe that Bitcoin minors have won an average of $ 55,100 per EH / S in daily rewards for blocking blocks in August, down 4% from July,” wrote Reginald Smith and Charles Pearce analysts. The gross benefit of the daily award also dropped, lowering $ 3% to $ 31,900 per EH / S, analysts wrote.
The combined market capitalization of the 13 bitcoin minors listed in the United States that monitoring JPMorgan analysts jumped 23% compared to the previous month, or about $ 7.4 billion.
Terawulf has outperformed with a gain of 83%, while Greenidge Generation (GREE) In underperforming the group with a drop of 22%, added the report.
Read more: the average hashrate of 7 days of Bitcoin strikes 1 zettahash for the first time
