Bitcoin (BTC) Mining Profits Stuck at Record Lows, JPMorgan (JPM) Says

The network’s hashrate, a proxy for industry competition and mining difficulty, rose for the second consecutive month, the bank noted. “The network’s hashrate averaged 631 EH/s in August, up 16 EH/s from last month and about 20 EH/s below pre-halving levels,” the authors wrote.