Home CryptocurrencyBitcoin Bitcoin (BTC) Mining Was Less Profitable in July Than June, Jefferies Says

Bitcoin (BTC) Mining Was Less Profitable in July Than June, Jefferies Says

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U.S.-listed mining companies produced a larger share of bitcoin in July than June, accounting for 21.1% of the total network versus 20.7% in May, the report said. August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report added.

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