BlockBeats news, on May 19, JPMorgan pointed out in a research report released on Friday that the Bitcoin network hash rate increased by 2% in the first two weeks of May, averaging 88.5 EH/s per second. As Bitcoin prices rise, miners' gross profits have expanded on a month-on-month basis, improving the mining economic conditions and enhancing miners' profitability. The hash price, which measures daily mining profitability, has increased by 13% compared to April.
Analysts say that in the first two weeks of this month, miners' daily block reward income per EH/s was about $50,100, up 13% from last month and up 3% year-on-year. In addition, U.S.-listed mining companies maintain a share of the network hash rate, currently accounting for about 30.5%, an increase of 1.1% from April. The total market value of 13 U.S. stock Bitcoin mining shares tracked by the bank has increased by 24% this month, or $4.6 billion, with Bitdeer rising by 43% and Greenidge falling by 5%.
