JPMorgan Chase's latest report reveals that Bitcoin mining profit margins have hit a record low! 📉

According to the report released on September 4, 2024, Bitcoin miners' average daily block reward income per EH/s is only $43,600, in stark contrast to the peak of $342,000 in November 2021. At that time, the price of Bitcoin was $60,000 and the network computing power was 161 EH/s.

The report also pointed out that the total market value of 14 US listed mining companies tracked by JPMorgan Chase fell 15% from the previous month to $20 billion. Only 3 mining companies performed better than Bitcoin.

Despite this, the Bitcoin network computing power rose for the second consecutive month, reaching an average of 631 EH/s in August, an increase of 16 EH/s from the previous month. 💪

The future of Bitcoin is still full of hope! 🚀