Bitcoin Mining Economics Continued to Improve in December, JPMorgan Says

Quick Summary:

The hashprice, a measure of daily mining profitability, rose 5% from the end of November, the report said.

The bank estimated that the U.S.-listed miners are currently trading on about two times their proportional share of the four-year block reward opportunity.

The hashrate is a proxy for competition in the industry and mining difficulty.

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Article Details

Author / Journalist: Will Canny

Category: Crypto

Markets: United StatesCuba

Topics: Bitcoin Mining Analysts Markets Bitcoin JPMorgan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 13:27:29 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 220 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24436360

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