The Bitcoin network Hashrate rose 4% in the first two weeks of the month to an average of 937 Exahashes per Second (Eh/s)Wall Street Bank JPMorgan (JPM) said in a research report Monday.
Hashrate refers to the overall combined calculation strength used to mine and treat transactions on a proof-of-work blockchain, and is a power of attorney for competition in the industry and mining difficulties.
The combined hash rate of the 13 US-listed miners, which the banking tracks rose 94% year to year, almost twice as much as the 48% increase in the Hash Rate network. The American miners now account for 33.6% of the global figure, the highest level on the record.
“We estimate that miners earned ~ $ 56,300 in daily block -paying revenue per EH/SI during the first two weeks of the month, down 2% from last month,” wrote analysts Reginald Smith and Charles Pearce.
The hash price, a measure of daily mining mining, also fell 2% from the end of July, the report said.
The total market cap for the Bitcoin mining companies covered by the bank added 6% to $ 33.7 billion this month. Operators with high performance computing (HPC) Exposure passed after Terawulf (Wulf) Announced a Colocation -Agreement with Fluidtack and an investment from the Internet giant Google (Goog).
Terawulf exploded higher in the first two weeks of August with a win of 74%. Riot platforms (RIOT) Underprested with a fall of 16%, the report added.
Read more: Bitcoin mining profitability rose 2% in July in the middle of BTC Price Rally, Jefferies says
