Reported 1 day ago
Bitcoin mining profitability decreased by 5% in August due to an increase in the network hashrate, as reported by investment bank Jefferies. Analysts noted that a hypothetical mining fleet of one EH/s would have generated approximately $55,000 per day in revenue during August, down from $58,000 in July. U.S.-listed mining companies mined 3,573 bitcoins in August, with MARA Holdings leading the group. The competition in the industry, as indicated by the hashrate, remains strong.
Source: YAHOO