ChainCatcher news, investment bank Jefferies said in a research report on Wednesday that the profit of Bitcoin mining in August was much lower than in July. The reason is that the average price of Bitcoin fell by more than 4%, while the average network hash rate rose by about 2.7%.

The report also pointed out that September will be a difficult month again, because BTC is still below $60,000, while the network hash rate continues to climb. This means that the difficulty of mining has increased and the profit margin has further narrowed.

For miners and investors, the current market environment requires more cautious strategies and risk management. Although there are many challenges, it also provides new opportunities for those who can adapt to changes. 📉💡