Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

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Bitcoin (BTC) miners enjoyed another strong month in July, with profitability reaching the highest level since the last halving event, Wall Street bank JPMorgan (JPM) said in a research report Friday. "Bitcoin miners earned an average of $57,400 per EH/s in daily block reward revenue in July, up 4% from June, representing the highest level since the halving," analysts Reginald Smith and Charles Pearce wrote. Still, "daily revenue and gross profit per EH/S are still 43% and 50% below pre-halving ...