5 hours ago
The Bitcoin web hashrate returned to grounds highs past month, expanding astir 50 exahashes per 2nd (EH/s) to an mean of 949 EH/s, Wall Street slope JPMorgan (JPM) said successful a probe study Tuesday.
The hashrate refers to the full combined computational powerfulness utilized to excavation and process transactions connected a proof-of-work blockchain, and is simply a proxy for contention successful the manufacture and mining difficulty.
The full marketplace headdress of the 13 U.S-listed bitcoin (BTC) miners the slope tracks besides deed a grounds precocious successful August, with high-performance computing (HPC) execution driving the gains.
TeraWulf (WULF) announced a colocation deal with Fluidstack and IREN (IREN) expanded its GPU fleet, the slope noted.
With the hashrate astatine a record, mining profitability declined from the erstwhile period arsenic the bitcoin terms fell.
"We estimation bitcoin miners earned an mean of $55,100 per EH/s successful regular artifact reward gross successful August, down 4% from July," analysts Reginald Smith and Charles Pearce wrote. Daily artifact reward gross nett besides fell, dropping 7% to $31,900 per EH/s, the analysts wrote.
The combined marketplace headdress of the 13 U.S.-listed bitcoin miners that JPMorgan analysts way surged 23% from the period previous, oregon astir $7.4 billion.
TeraWulf outperformed with a 83% gain, portion Greenidge Generation (GREE) underperformed the radical with a 22% decline, the study added.
Read more: Bitcoin's 7 Day Average Hashrate Hits 1 ZettaHash for First Time
English (US) 