Bitcoin (BTC) mining was less profitable in July than in June, says Jefferies

US-listed mining companies produced a higher share of bitcoin in July than June, accounting for 21.1 percent of the total network compared to 20.7 percent in May, the report said. August will be a tougher month for miners as the price of bitcoin fell by around 5% while the network’s hashrate started to rise again, the report added.