Bitcoin Mining Profitability Jumps 29% Amid Rising Market Activity

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Bitcoin Mining Profitability Jumps 29% Amid Rising Market Activity Bitcoin mining profitability has surged by nearly 30% in the first half of November 2024, fueled by Bitcoin’s price rally and increased transaction fees.

According to a JPMorgan report cited by CoinDesk, the market capitalization of U.S.

Higher hashrate reflects increased competition, leading to higher mining difficulty.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin News Bitcoin Mining Profitability

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 14:59:03 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23700447

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 25 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #121

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