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In a research report on Friday, she said in a research report Wall Street Bank JPMORGan (JPM) in the research report that the Hashrate Bitcoin network on average by 2%.
The Hashrate refers to the overall combined computing power used to mining and processing transactions on a evidence Blockchain, and is a representative for competition in the field and mining of mining.
The profitability of miners improved in May because the price of bitcoins
Rose and gross margins have expanded, the bank said.
Hashprice, the daily profitability of mining, increased by 13%since April, which the bank said it was “encouraging”.
“We estimate that the miners earned ~ $ 50,100 in daily Block rewards for EH/S during the first two weeks of the month, 13% since the last month and 3% Y/Y,” wrote Reginald Smith and Charles Pearce.
Miners on the US List have maintained their share of HASHRATE networks and are currently about 30.5% of the network, which is 1.1% since April, the bank said.
The total market ceiling of 13 Bitcoin mining shares on the US list that the bank is monitoring this month increased by 24%, ie $ 4.6 billion.
Bitdeer (BTDR) exceeded 43% of profit, while Greenidge (Gree) subordinated this sector with a 5% decline, the report said.
Read more: Bitcoin miners with HPC exposure insufficiently powerful BTC for the third direct month: JPMORGAN
