Bitcoin miners continue to face dwindling profits despite lower competition, JPMorgan says
The Bitcoin network hashrate, a metric measuring mining competition, declined for a second consecutive month in December, according to a report released by Wall Street giant JPMorgan (JPM) on Monday. “The monthly average network hashrate, a proxy for industry competition, declined 30 EH/s (-3%) m/m to an average of 1,045 EH/s in December,” analysts Reginald...
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