Summary
- JPMorgan said the Bitcoin hashrate averaged 949EH/s in August, setting an all-time high.
- JPMorgan analysts said August Bitcoin miners' daily block reward per EH/s was $55,100, about a 4%% decrease from July.
- The combined market capitalization of 13 U.S.-listed Bitcoin mining companies increased 23%% month-on-month, reaching a record high.
On the 2nd (local time), according to crypto-focused media CoinDesk, global investment bank (IB) JPMorgan said the Bitcoin (BTC) network hashrate averaged 949EH/s in August, setting an all-time high. This indicates that mining competition is becoming increasingly fierce.
JPMorgan analysts Reginald Smith and Charles Pierce said, "Bitcoin miners in August are estimated to have earned an average daily block reward of $55,100 per EH/s," adding, "this represents about a 4% decrease from July."
Meanwhile, the combined market capitalization of 13 U.S.-listed Bitcoin mining companies increased 23% month-on-month last month, reaching a record high.
Bitcoin was trading at $110,011.28, up 2.11% from the previous day, on the Binance Tether (USDT) market at 00:46 on the 3rd.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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