Bitcoin miners continue to face declining profits despite less competition, says JPMorgan
The Bitcoin network’s hashrate, a metric measuring mining competition, declined for the second consecutive month in December, according to a report released Monday by Wall Street giant JPMorgan (JPM). “The network’s average monthly hashrate, an indicator of industry competition, declined by 30 EH/s (-3%) m/m to an average of 1,045 EH/s in December,” wrote analysts […]










