JPMorgan Chase: Bitcoin network computing power increased slightly in the first two weeks of May

PANews May 19 news, according to CoinDesk, JPMorgan Chase pointed out in a research report released on Friday that the Bitcoin network computing power rose by 2% in the first two weeks of May, averaging 88.5EH/s. As the price of Bitcoin rises, miners' gross profit margins expand month-on-month, mining economic conditions improve, and miners' profitability increases. The hash price, which measures daily mining profitability, has risen by 13% from April, which is "encouraging." Analysts said that in the first two weeks of this month, miners' daily block reward income per EH/s was about US$50,100, up 13% from the previous month and 3% year-on-year. In addition, US listed mining companies maintain their share of network computing power, currently accounting for about 30.5%, up 1.1% from April. The total market value of the 13 US bitcoin mining stocks tracked by the bank rose 24% this month, or US$4.6 billion, of which Bitdeer rose 43% and Greenidge fell 5%.

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