[Jefferies: Bitcoin mining profits dropped significantly in August] Golden Finance reported that investment bank Jefferies said in a research report on Wednesday that Bitcoin mining profits in August were much lower than in July, with the average Bitcoin price falling by more than 4% and the average network computing power rising by about 2.7%. As a result, miners' average daily income fell by 11.8% from the previous month. "September will be another difficult month as Bitcoin prices remain below $60,000 while network computing power continues to climb," analysts wrote. Bitcoin hash rate is a proxy for industry competition and mining difficulty.