JPMorgan Warns of Slowing Bitcoin Mining Growth as Profitability Dips
Bitcoin miners face challenges as network hashrate rises, profitability drops, and companies shift strategies to increase Bitcoin holdings.
JPMorgan
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.
JPMorgan Sees Lack of Catalysts in Crypto Market as Volumes Increase Despite Price Decline
JPMorgan says the crypto market lacks major near-term catalysts, with the total market cap declining 24% from its March peak, despite an 8% increase in trading volumes.
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.