“Mining Gross Margins Expanded Sequentilly This MONTH, WHICH is Encouroring, The Bank Said.”, – WRITE: www.coindesk.com
The Hashrate Refers to the Total Combined Computational Power Used to Mine and Process Transactions on A Proof-of-Work Blockchain, and Is a Proxy for Competition in the Industry and Mining.
Miner Profitability Improved in May, As The Price of Bitcoin
Rose, and Gross Margins Expanded, The Bank Said.
The Hashprice, A MEASURE OF DAILY MINING PROFITITY, ROSE 13% FROM April, Whokh The Bank Said Was “Encouroging.”
“WE ESTIMATE MINERS EARNED ~ $ 50,100 in Daily Block Revenue Per Eh/S Over The First Two Weeks of the MONTH, UP 13% FROM LAST MONTH AND 3% Y/Y,” Analysts Reginal Smith.
US-Listed Mines Maintaned Their Share of the Network Hashrate, and Currently Account for About 30.5% of the Network, A 1.1% Increase from April, The Bank Said.
The Total Market Cap of the 13 US-Listed Bitcoin Mining Stocks that Bank Tracks Rose 24%, or $ 4.6 Billion, this Month.
Bitdeer (BTDR) OutPerFormed with A 43% GAIN, While Greenidge (GREE) UnderPerForrated the Sector With A 5% Decline, The Report Said.
Read More: Bitcoin Miners With HPC Exposure UnderFerFormed BTC for Third Straight Month: JPMorgan
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