JPMorgan: Bitcoin Miner Profit Hit New High Since July Halving
BlockBeats News, August 1st, according to a CoinDesk report, Wall Street investment bank JPMorgan Chase released a research report on Friday stating that Bitcoin miners saw another strong performance in July, with mining profitability reaching its highest level since the most recent Bitcoin halving.
The report pointed out: "In July, Bitcoin miners on average generated block rewards of $57,400 per day per EH/s, a 4% increase from June and the highest level since the halving." However, the report also noted: "Despite the strong performance in July, daily revenue and gross profit per EH/s are still 43% and 50% lower, respectively, compared to pre-halving."
Bitcoin's block reward halving event occurs every four years. The most recent one occurred in April 2024, reducing the reward per block from 6.25 BTC to 3.125 BTC.
You may also like

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

Blockchain Capital Partner: The Core Secret of Arbitrage

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

