JPMorgan analysts: Bitcoin mining profitability fell to an all-time low in August

On August 16, according to CoinDesk, JPMorgan analysts pointed out that as network computing power rose in the first two weeks of August, Bitcoin mining profitability 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 said 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%. $BTC