Summary
- Investment bank Jefferies analyzed that August Bitcoin mining profitability decreased by about 5%% due to an increase in network hashrate.
- U.S.-listed mining companies mined a total of 3573 BTC in August, but profitability fell due to mining difficulty and increased hashrate.
- U.S.-listed miners' global mining share stands at about 26%%, and the BTC price was down 0.69%% from the previous day.
On the 15th (local time), according to cryptocurrency-focused media CoinDesk, investment bank Jefferies(Jefferies) analyzed that Bitcoin (BTC) mining profitability in August decreased by about 5% compared to the previous month due to a rise in network hashrate.
According to the report, U.S.-listed mining companies mined a total of 3573 BTC in August, slightly more than July (3598 BTC). However, profitability declined due to increased mining difficulty and hashrate.
U.S.-listed miners' global mining share is estimated to be about 26%.
At 02:22 on the 16th, BTC was trading on the Binance Tether(USDT) market at $114,696.34, down 0.69% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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