“Ten of the Thirteen US-Lited MINers That Bank Tracks OutperFormed Bitcoin Last Month, The Report Said.”, – WRITE: www.coindesk.com
Miners Enjoyed Another Strong MONTH IN JULY, WITH PROFITITY REACHING The HIGHEEST Level Since the Last Halning Event, Wall Street Bank JPMORGAN
(Jpm)
SAID IN A RESEARCH REPORT FRIDAY.
“Bitcoin Mines Earned An AVERAGE OF $ 57.400 per eh/s in Daily Block Revenue Revenue in July, Up 4% from June, Representing The Highest Level Since The Halving,” Analysts Reginal.
Still, “Daily Revenue and Gross Profit per eh/s Are Still 43% and 50% Below Pre-Halving Levels, Respectvely,” The Authors Wrote.
The Bitcoin Halving is a quadrennnial Event Where The Reward for Mining New Blocks is Halved. The MOST RECENT HALVING WAS IN April 2024, Reducing The Reward From 6.25 to 3.125 BTC Per Block.
The MONTHLY AVERAGE NETWORK HASHRATE, A PROXY FOR COMPETITION IN THE INDUSTRY AND MINING DIPHICULY, ROSE 4% TO 899 Exahashes per Second (eh/s) The Analysts Wrote.
Mining Dificulty Was 9% Higher at the End of Last Month, and 48% Higher than Before The Last Halning Event, The Report SAID.
Ten of the Thirteen US-Lited MINers That Bank Tracks OutperFormed Bitcoin in July.
In Terms of Stock Performance, Argo Blockchain (Arbk) OutperFormed with A 66% GAIN, While Core Scientific (Corz) Underforced The Group with A 21% Decline, The Report Adeded.
Read More: Bitcoin Network Hashrate Declined in June As Mines Reacted to Recent Heatwave: JPMORGAN
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