Bitcoin Network hashrate, a proxy of competition in industry and mining difficulty, increased slightly in January, said Wall Street Bank JPMorgan (JPM) on a research report.
The monthly average network hashrate increased by 1% to 785 exhahas per second (EH/S), the bank said, while the mining difficulty fell 2% month by month.
The weekly average hash.
“This is relatively uncommon, and a modest Tail wind for the mining economy of Bitcoin (BTC),” wrote the analysts Reginald Smith and Charles Pearce, and added that the difficulty of the network remains 25% higher than before Event of the middle of last April.
According to a Tuesday Coendesk report, the Bitcoin 7 -day mobile hash.
Mining profitability also increased in January. The bank estimated that the miners obtained an average of $ 57,200 for EH/s in the daily block reward income, an increase of less than 1% as of December.
The total market capitalization of Bitcoin miners that the bank tracks increased 5% from the previous month.
The encryption mining (CIF) and Riot (Riot) platforms exceeded, gaining 23% and 16% respectively, after announcing news related to high performance computing (HPC).
Terawulf (Wulf) had a lower performance in January, and the shares fell 16%.
Read more: Bitcoin Miners Bitdeer, Cleanspark, Core Scientific started in Outperform by KBW
