According to Golden Finance, JPMorgan Chase said in a research report on Tuesday that Bitcoin mining profitability is at a historical low. Analysts wrote: "We estimate that Bitcoin miners' daily block reward revenue averaged $43,600 per EH/s in August, the lowest point on record." In comparison, the peak in November 2021 was $342,000, when the BTC price was $60,000 and the network hash rate was 161 EH/s.