[JPMorgan Chase: Bitcoin mining economics improved in the first half of November] Golden Finance reported that JPMorgan Chase (JPM) said in a research report on Monday that the Bitcoin (BTC) mining economy improved in the first half of November as the hash price rose. "Since the end of October, the hash price has risen 29% as BTC's rise has exceeded the growth of the network hash rate and transaction fees have increased as a percentage of block rewards." The report said that the network hash rate has risen by 2% so far this month, averaging 718 exahashes per second (EH/s). The hash rate refers to the total computing power used to mine and process transactions on the proof-of-work blockchain, and is a proxy for industry competition and mining difficulty. The 14 US-listed miners covered by the bank currently account for about 28% of the global network, and their network hash rate share remains at a historical high.

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