The Bitcoin network Hash Rate returned to record highs last month, which increased about 50 exahashes per second (Eh/s) to an average of 949 EH/S, Wall Street Bank JPMorgan (JPM) said in a research report Tuesday.
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 Total Market Capital for the 13 US Bitcoin Miners the bank tracks also hit a record high in August with high performance computing (HPC) execution that drives the winnings.
Terawulf (Wulf) Announced a Colocation -Agreement with Fluidtack and Iren (Iren) expanded its GPU fleet, the bank noted.
With the hash rate on a record, mining of mining dropped from the previous month when the Bitcoin award fell.
“We estimate Bitcoin my workers earned an average of $ 55,100 per EH/SI Daily Block Evening Recovery In August, down 4% from July,” wrote analysts Reginald Smith and Charles Pearce. The daily gross profit for block reindeer also declined and decreased 7% to $ 31,900 per day. EH/S, the analysts wrote.
The combined market sheath of the 13 US Bitcoin miners that JPMorgan analysts are tracking, rose 23% from the previous month, or about $ 7.4 billion.
Terawulf surpassed with a gain of 83%while Greenidge Generation (GREE) The group underprested with a 22%decrease, the report added.
Read more: Bitcoin’s 7 -Day Average Hash Rate Hits 1 Zettahash for the first time
