PANews reported on August 16 that according to CoinDesk, JPMorgan analysts pointed out that as the network computing power increased in the first two weeks of August, the profitability of Bitcoin mining fell to an all-time low. Despite this, the network computing power share of US listed miners rose to 26%, a new high. JPMorgan also stated that the Bitcoin network computing power has increased by about 1% since August, reaching an average of 621 EH/s, but it is still 30 EH/s lower than before the halving. In addition, the price of Bitcoin has fallen by about 5% since the halving, but it is still up 35% since the beginning of the year, a year-on-year increase of 104%.