Bitcoin minors (BTC) experienced another solid month in July, the profitability reaching the highest level since the last rambling event, the Wall Street Bank Jpmorgan (JPM) said on Friday in a research report.
“Bitcoin minors have won an average of $ 57,400 per EH / S in daily reward of block revenues in July, up 4% compared to June, representing the highest level since the reduction in half,” wrote the analysts Reginald Smith and Charles Pearce.
However, “daily income and gross benefit by EH / S are still 43% and 50% lower than pre-overly levels,” wrote the authors.
Bitcoin in half is a quadrennial event where the reward for the exploitation of new blocks is divided by two. The most recent reduction in half took place in April 2024, reducing the award from 6.25 to 3.125 BTC per block.
The average monthly network Hashrate, an indirect indicator of competition in industry and mining difficulties, increased by 4% to 899 exams per second (EH / S) in July, after a drop in June in response to warmer temperatures, analysts wrote.
The mining difficulty was 9% higher at the end of last month and 48% higher than before the last rambling event, according to the report.
Ten of the thirteen minors classified by the United States that the bank followed Bitcoin in July.
In terms of performance in stock, Argo Blockchain (ARBK) has outlined with a 66%gain, while Core Scientific (CORZ) underperformed the group with a drop of 21%, added the report.
Find out more: Bitcoin Network Hashrate refused in June while minors reacted to the recent heat wave: JPMorgan
