Bitcoin (BTC) Mining Profitability Is Caught at Document Lows, JPMorgan (JPM) Says

The community hashrate, a proxy for competitors within the business and mining problem, elevated for the second straight month, the financial institution famous. “The community hashrate averaged 631 EH/s in August, up 16 EH/s from final month, and about 20 EH/s beneath prehalving ranges,” the authors wrote.