According to BlockBeats, on August 1st, CoinDesk reported that Wall Street investment bank JPMorgan released a research report on Friday stating that Bitcoin miners experienced another strong month in July, with mining profitability reaching its highest level since the last Bitcoin Halving. The report noted: "In July, Bitcoin miners earned an average of $57,400 in Block Reward income per EH/s per day, a 4% rise from June, marking the highest level since the Halving." However, the report also mentioned: "Despite the strong performance in July, daily income and gross profit per EH/s are still 43% and 50% lower, respectively, than before the Halving." The Bitcoin Block Reward Halving event occurs once every four years. The last one took place in April 2024, reducing the reward for each block from 6.25 BTC to 3.125 BTC.
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JPMorgan: In July, Bitcoin miners' profits hit a new high since the Halving.
According to BlockBeats, on August 1st, CoinDesk reported that Wall Street investment bank JPMorgan released a research report on Friday stating that Bitcoin miners experienced another strong month in July, with mining profitability reaching its highest level since the last Bitcoin Halving. The report noted: "In July, Bitcoin miners earned an average of $57,400 in Block Reward income per EH/s per day, a 4% rise from June, marking the highest level since the Halving." However, the report also mentioned: "Despite the strong performance in July, daily income and gross profit per EH/s are still 43% and 50% lower, respectively, than before the Halving." The Bitcoin Block Reward Halving event occurs once every four years. The last one took place in April 2024, reducing the reward for each block from 6.25 BTC to 3.125 BTC.