Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

Will Canny is CoinDesk's finance reporter.

Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, the report said.

It's not all bad news for the sector. U.S.-listed miner's share of the Bitcoin network hashrate rose for the fourth month in a row to 26%, a new record high, the report said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Skyrockets in Miners' Profitability, Here's WhyBitcoin miners may soon be completely profitable as bullish trend prevails
Read more »

Bitcoin Miners Return to Profitability as BTC Continues Market Recovery: BitfinexCrypto Blog
Read more »

Bitcoin Hashrate Reaches New Record High as Negative Difficulty Adjustment LoomsBitcoin's hashrate has hit a new high despite rapidly declining miner profitability
Read more »

Bitcoin Skyrockets to New All-Time High in Mining Difficulty Amid Largest Increase EverBitcoin just hit record high in mining difficulty, with the largest increase in history
Read more »

Crypto Investors Nearing Extreme Fear as Bitcoin Fell to $50KCrypto Blog
Read more »

Bitcoin Mining Firm Bitfarms Faces $27 Million Net Loss in Q2 2024Crypto Blog
Read more »