Bitcoin The mining profitability decreased 5% last month mainly due to an increase in the hashrate of the network, said the investment bank Jefferies in a research report on Sunday.
“A hypothetical fleet of BTC miners would have generated ~ $ 55k/day in income during August, compared to ~ $ 58k/day in July and ~ $ 44ka a year ago,” analyzed analysts led by Jonathan Petersen.
The hashrate refers to the total combined computational power used to extract and process transactions in a chain of work test blocks, and is a proxy of competition in industry and mining difficulty. It is measured in exahashes per second (Eh/s).
The mining companies that quote in the United States extracted 3,573 bitcoin in August versus 3,598 in July, the report said, and these miners represented 26% of the Bitcoin network last month, without changes since July.
Mara Holdings (Mara) He put the greatest amount of bitcoin in the group, with 705,703 tokens, followed by Iren (Iren)Jefferies said.
Mara’s energized hashrate remains the largest in the group, with 59.4 eh/s, with cleanliness (CLSK) Second with 50 eh/s, the report added.
Read more: Bitcoin Network Hashrate returned to the historical maximums in August: JPMorgan
