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Bitcoin Mining Profitability Fell to All Time Lows in August, JPMorgan Analyst Says

U.S.-listed miners' share of the network hashrate increased to 26% this month, the highest level on record, the report said.

Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, JPMorgan said. (Christie Harkin/CoinDesk)
Mining profitability fell to all time lows as the network hashrate rose in the first two weeks of August, JPMorgan said. (Christie Harkin/CoinDesk)