JPMorgan Research Report: The Economics of Bitcoin Mining Improved Significantly in the First Half of November
ChainCatcher news, according to CoinDesk, JPMorgan's latest research report shows that the economics of Bitcoin mining significantly improved in the first half of November. Data indicates that the hashprice, which measures mining profitability, has increased by 29% since the end of October, primarily benefiting from Bitcoin's price increase outpacing the growth in network hash rate, as well as an increase in the proportion of transaction fees to block rewards.The report points out that the total market capitalization of the mining stocks tracked by the bank grew by 33% from October 31 to November 15, approximately $8 billion. The network hash rate has increased by 2% so far this month, averaging 718 EH/s. Notably, 14 publicly listed mining companies in the U.S. currently account for about 28% of the global network hash rate, maintaining a historical high.