Bitcoin Mining Profitability at All-Time Lows as Prices Plunge, Hashrate Soars
JPMorgan reports U.S.-listed bitcoin miners fell in September as BTC price remained below $60K and network hashrate rose, signaling declining mining profitability.
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Soaring Bitcoin Hashrate Fails to Lift BTC Price: Uncovering the Puzzle
Amid a surge in Bitcoin network hashrate, the BTC price recovery has stalled, with miners intensifying sell-offs. Explore the factors behind this divergence.
Bitcoin Mining Profitability at Record Lows, JPMorgan Reports
JPMorgan analysts state that Bitcoin miners earned an average of $43,600 per exahash a second in daily block rewards last month, the lowest rate on record.
Blockstream Sells Bitcoin Mining Hashrate-Backed Security Token
Blockstream is raising funds by issuing a security token - the Blockstream Mining Note 2 (BMN2) - backed by its Bitcoin mining hashrate. Investors can buy claims on the company's mining operations.
Bitcoin Price Tumbles 10% Amid Macro Woes and Miner Challenges
Bitcoin's price dropped 10% over 10 days, driven by macroeconomic uncertainties, spot ETF outflows, and declining miner profitability. The network's hashrate reached a new high, but challenges persist.