Bitcoin (BTC) Mining Profitability Is Stuck at Record Lows, JPMorgan (JPM) Says

The
network
hashrate,
a
proxy
for
competition
in
the
industry
and
mining
difficulty,
increased
for
the
second
straight
month,
the
bank
noted.
“The
network
hashrate
averaged
631
EH/s
in
August,
up
16
EH/s
from
last
month,
and
about
20
EH/s
below
prehalving
levels,”
the
authors
wrote.