The total hashrate of the 13 bitcoin that quote in the United States
The miners tracked by JPMorgan (JPM) now represent around 31.5% of the global network, the highest registered level, the bank said in a research report on Monday.
These miners added 11 exahasos per second (EH/s) capacity since April, led by Cleanspark (CLSK), Hive Technologies (Hive) and Riot Platforms (Riot), according to the report.
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. The aggregate hashrate of the miners has increased 99% year -on -year compared to an increase of 55% and/and in the hashrate of the network.
The hashrate of the network fell around 10 eh/sa an average of 890 eh/s in the first two weeks of June, a development that the bank said was “something surprising.” Even so, it follows more than 50% year after year.
The hash price, a measure of daily mining profitability, fell 2% at the end of May, the report said.
The total market capitalization of the 13 companies increased by 10%, or $ 2.4 billion, in the first two weeks of the month, the bank said.
Riot exceeded the group with a gain of 20%, while Bitfarms (Bitfu) had a lower yield with a 9%decrease, the report added.
Read more: Bitcoin miners have just registered one of their best rooms, says JPMorgan
