The Bitcoin network Hashrate rose 2% in the first two weeks of May to an average of 885 Exahashes per day. Second (EH/S), Wall Street Bank Jpmorgan (JPM) said in a research report Friday.

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.

Miner -Rentability is improved in May as the price of Bitcoin

Rose and gross margins are expanded, the bank said.

The hash price, a measure of daily mining mining, rose 13% from April, as the bank said was “encouraging.”

“We estimate that miners earned ~ $ 50,100 in daily block -paying revenue per EH/SI for the first two weeks of the month, a 13% increase from last month and 3% Å/Å,” Analysts Reginald Smith and Charles Pearce wrote.

US-listed miners maintained their share of the network’s hash rate and currently account for approx. 30.5% of the network, an increase of 1.1% from April, the bank said.

The total market capital of the 13 US Bitcoin mining stocks that the bank is tracking increased 24%, or $ 4.6 billion this month.

Bitdeer (BTDR) surpassed with a win of 43%, while Greenidge (GREE) underprested the sector with a 5%decrease, the report says.

Read more: Bitcoin -Mine workers with HPC exposure underpointed BTC to third equal month: JPMorgan