The performance of the Bitcoin mining actions (BTC) were mixed in the first two weeks of April, the Pure game operators outperforming those exposed to high performance IT (HPC), said JPMorgan (JPM) in a research report on Wednesday.
Only Mara Holdings (Mara) and Cleanspark (CLSK) surpassed the largest cryptocurrency during the period, while minors exposed to HPC, which is used in applications such as AI, such as Bitdeer (BTDR), Terawulf (Wulf), Iren (Iren) and Riot (Riot).
The bank noted that March was a good month for minors classified by the United States. They added 15 exams per second capacity and extracted more token. The first two weeks of April were not so positive.
“The growth of network hashrate has exceeded the expansion of the American operator and the average price of Bitcoin decreased during the first half, which put pressure on the mining economy,” wrote Reginald Smith and Charles Pearce analysts.
The bank estimated that minors listed in the United States are currently negotiating approximately 1.2 times their proportional share of the four-year reward opportunity, which is the lowest level in more than 2 years.
The minors gained around $ 41,500 in daily rewards of reward by EH / S in the first two weeks of the month, a decrease of 12% compared to March, according to the report.
The network hashrate increased by 85 EH / S monthly to an average of 900 EH / S, noted the bank. 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 total market capitalization of the 13 bitcoin minors listed in the United States according to which the bank is 2% to $ 16.9 billion in April.
Find out more: Bitcoin Mining Randiurability fell 7.4% in March as prices, transaction costs dropped: Jefferies
