Bitcoin
Mining profitability increased by 2% in July, the price of the largest cryptocurrency in the world increased by 7% while network hashrate jumped 5%, the investment bank in a research report said on Friday.
“We see a positive time of BTC price as the most favorable for galaxies (GLXY) Digital active ingredients, while miners are fighting on an increasing network hashrate, “wrote analyst 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 classified by the United States undermined 3,622 bitcoin in July, against 3,379 pieces the previous month, according to the report, and these companies represented 26% of the total network against 25% in June.
Ren (Iren) The most bitcoin extract, with 728 tokens, followed by Mara Holdings (Mara) With 703 BTC, noted the bank.
Jefferies said that Mara’s energy Hashrate was the largest in the sector, at 58.9 eh / s at the end of July, with Cleanspark (CLSK) Second with 50 eh / s.
Revenues by Exhash / Second have also increased. “A hypothetical fleet of BTC minors would have generated about $ 57,000 / day of income in July, against ~ ~ $ 56,000 / day in June and ~ $ 50K or a year ago,” wrote the analyst.
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