According to the latest report from JPMorgan Chase, Bitcoin mining profit margins have fallen to an all-time low! In August 2024, Bitcoin miners will earn an average of only $43,600 per EH/s per day in block rewards, a stark contrast to the peak in November 2021. At that time, the revenue per EH/s was as high as $342,000. 🪙

In addition, the total market value of 14 US listed mining companies tracked by JPMorgan Chase fell 15% from the previous month to $20 billion. Despite this, the Bitcoin network computing power rose for the second consecutive month, reaching an average of 631 EH/s in August.

What do you think about the future of Bitcoin mining? Welcome to share your views in the comments section!