Jefferies Reports Decline in Bitcoin Mining Profitability Amid Rising Hashrate

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Jefferies Reports Decline in Bitcoin Mining Profitability Bitcoin mining profitability has experienced a significant decline in September 2024, as the network’s hashrate surged by 1.7%, according to a comprehensive research report from U.S.investment bank Jefferies.

Despite the increase in hashrate, Bitcoin’s price remained largely unchanged, exacerbating the challenges faced by miners.

Regulatory developments continue to shape the Bitcoin mining industry, influencing profitability and operational strategies.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Jefferies Reports Decline

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 09:59:05 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 2274 words

Reading Time: 13 minutes read

Sentences: 122 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23035611

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 18 posts per day

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Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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Publisher ID: #121

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