The profitability of Bitcoin mines (BTC) fell in August, says Jefferies

Bitcoin The profitability of mines decreased by 5% last month, mainly because an increase in the hashrate of the network, the investment bank said on Sunday in a research report.

“A hypothetical fleet of BTC minors would have generated about $ 55,000 / day of income in August, compared to $ 58,000 / day in July and ~ $ 44A Wa an,” wrote analysts led by Jonathan Petersen.

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. It is measured in exams per second (Eh / s).

The mining companies listed in the United States undermined 3,573 bitcoin in August against 3,598 in July, noted the report, and these minors represented 26% of the Bitcoin network last month, unchanged from July.

Mara Holdings (Mara) A extract the most bitcoin of the group, with 705,703 tokens, followed by Iren (Iren)Said Jefferies.

Mara’s energized hashrate is still the largest in the group, at 59.4 huh / s, with Cleanspark (CLSK) Second with 50 eh / s, the report added.

Find out more: Bitcoin Network Hashrate returned to the heights of all time in August: JPMorgan

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