Bitcoin Network hashrate, a proxy for competition in industry and mining difficulties, increased slightly in January, Wall Street Bank JPMorgan (JPM) said in a research report on Monday.
The average monthly network hashrate increased by 1% to 785 exams per second (EH / S), noted the bank, while the mining difficulty dropped by 2% per month.
The Hashrate of the Mobile Mobile Average Month was 781 EH / S, a decrease of 2% from the end of December, according to the report.
“It is relatively rare and a modest rear wind for the Bitcoin mining economy (BTC),” wrote analysts Reginald Smith and Charles Pearce, adding that the network difficulty remains 25% higher than before the event half last April.
According to a Coindesk report on Tuesday, the Bitcoin average mobile hashrate at 7 days has reached a summit of 833 exams per second (EH / S).
Mines’ profitability also increased in January. The bank estimated that minors earned an average of $ 57,200 per EH / S in daily reward income, an increase of less than 1% compared to December.
The total market capitalization of bitcoin minors that the bank follows 5% compared to the previous month.
Cipher Mining (CIFR) and Riot Platforms (Riot) surpassed, gaining 23% and 16% respectively, after announcing news related to high performance computer (HPC).
Terawulf (WULF) underperformed in January, the shares lowering 16%.
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