{"id":17014,"date":"2024-09-16T19:21:33","date_gmt":"2024-09-16T16:21:33","guid":{"rendered":"https:\/\/forklog.com\/en\/jpmorgan-predicts-slowdown-in-bitcoin-hashrate-growth\/"},"modified":"2024-09-16T19:21:33","modified_gmt":"2024-09-16T16:21:33","slug":"jpmorgan-predicts-slowdown-in-bitcoin-hashrate-growth","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-predicts-slowdown-in-bitcoin-hashrate-growth\/","title":{"rendered":"JPMorgan Predicts Slowdown in Bitcoin Hashrate Growth"},"content":{"rendered":"<p>Since the beginning of September, the hashrate of the leading cryptocurrency has increased by 4%, returning to pre-halving peaks. However, miners&#8217; revenues remain at historic lows. Analysts at JPMorgan highlighted this issue, as reported by <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/09\/16\/bitcoin-mining-profitability-remains-at-all-time-lows-as-prices-fall-hashrate-rises-jpmorgan-says\/\">CoinDesk<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd11LfnKPomTi0vDUVVhubRYOwJkOeLG8toK5KpK4rlVnKvGkg5LpFL7FVS2U6sBRXY65ypeuFtk5VD0NvtT_bSIjxA0Bi-SDvQnsHuEj67NeUVtE5xumLpjSZ_uc58NUEZp51KPs9V7uGWB0fAtrPARv-E?key=ckIB597PqUw9kekTfV79bA\" alt=\"JPMorgan Predicts Slowdown in Bitcoin Hashrate Growth\"\/><figcaption class=\"wp-element-caption\">Bitcoin hashrate. Data: <a href=\"http:\/\/blockchain.com\">Blockchain.com<\/a>.<\/figcaption><\/figure>\n<p>Experts also noted that the <span data-descr=\"miners' revenue per unit of computational power expended\" class=\"old_tooltip\">hashprice<\/span> fell by 2% this month and by 50% since the pre-halving period. In their view, this decline, combined with a seasonal downturn, could slow the growth of the hashrate in the short term.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXf3-U3yjGl0krxW2rqlZzaxMSjjNFDoUg9E-D3bdTN-ouQdZukmo0drp0r0Pi2oDOJrCGcYvqn112jQFpHG6yqPzFu_lbr5TASs-AlD4QbN7WUkci0Df5uhyqhgQJov4o7PxNznyx4TD0rm6h8YLn_8GCay?key=ckIB597PqUw9kekTfV79bA\" alt=\"JPMorgan Predicts Slowdown in Bitcoin Hashrate Growth\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/data.hashrateindex.com\/network-data\/bitcoin-hashprice-index\">Hashrate Index<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe share of U.S.-registered bitcoin miners in the network&#8217;s hashrate increased for the fifth consecutive month to 26.7%, the highest level ever recorded,\u201d stated JPMorgan.\u00a0<\/p>\n<\/blockquote>\n<p>The bank also emphasized that the total market capitalization of 14 tracked American miners fell by 3% since the end of August, to just under $20 billion.\u00a0<\/p>\n<p>Hut 8 (HUT) shares outperformed others, showing an 11% increase, while CleanSpark (CLSK) had the worst performance, dropping by 12%.<\/p>\n<p>Earlier in September, the difficulty of mining the leading cryptocurrency increased by 3.58% following the latest adjustment. The figure reached a record high of 92.67 T.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the beginning of September, the hashrate of the leading cryptocurrency has increased by 4%, returning to pre-halving peaks. However, miners&#8217; revenues remain at historic lows. Analysts at JPMorgan highlighted this issue, as reported by CoinDesk. Bitcoin hashrate. Data: Blockchain.com. Experts also noted that the hashprice fell by 2% this month and by 50% since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,229],"class_list":["post-17014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17014"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17013"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}