Summary
- The monthly average hashrate of Bitcoin showed a positive signal by rising 1%.
- The mining difficulty decreased by 2%, creating a favorable environment for mining companies.
- JP Morgan stated that these changes could act as a positive factor for the Bitcoin mining business.
The monthly average hashrate of the Bitcoin (BTC) network has increased by 1% compared to the previous month.
According to CoinDesk on the 4th (local time), JP Morgan reported that "the monthly average hashrate of Bitcoin in January was 785 EH/s, up 1% from the previous month," and "the mining difficulty decreased by 2% compared to the previous month." It further stated, "This is an uncommon occurrence," and "it could act as a positive factor for the Bitcoin mining business."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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