{"id":8200,"date":"2025-01-17T09:48:40","date_gmt":"2025-01-17T09:48:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8200"},"modified":"2025-01-17T09:48:40","modified_gmt":"2025-01-17T09:48:40","slug":"bitcoin-miners-have-started-2025-on-a-strong-footing-jpmorgan-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8200","title":{"rendered":"Bitcoin Miners Have Started 2025 on a Strong Footing, JPMorgan Says"},"content":{"rendered":"
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Bitcoin (BTC) mining stocks tracked by JPMorgan have enjoyed a strong start to the year, with 12 of the 14 companies outperforming the world’s largest cryptocurrency in the first two weeks, the Wall Street bank said in a research report Thursday.<\/p>\n

The network hashrate has risen 2% month-to-date to an average of 793 exahashes per second (EH\/s) and is 51% higher than a year ago, the report said.<\/p>\n

The hashrate<\/a> refers to the total combined computational power used to mine and process transactions on a proof-of-work<\/a> blockchain and is a proxy for competition in the industry and mining difficulty.<\/p>\n

The hashprice, a measure of daily mining profitability, has dropped less than 1% since the end of December, the bank noted, as “hashrate growth outpaced BTC price movement.”<\/p>\n

“Miners earned ~$54,900 in daily block reward revenue per EH\/s over the first two weeks of January,” analysts Reginald Smith and Charles Pearce wrote, which was 2% less than last month.<\/p>\n

The combined hashrate of the 14 U.S.-listed miners in the bank’s coverage has more than doubled in the last 12 months and now accounts for roughly 30% of the global network.<\/p>\n

The total market cap of the mining stocks that the bank tracks has increased 16%, or $4.5 billion, in the first two weeks of the year. Riot Platforms (RIOT) outperformed, with a 32% gain, and Bitdeer underperformed, with a 4% decline.<\/p>\n

Bitcoin has increased about 56% since the halving event<\/a> in April, around 44% since the U.S. presidential election<\/a> in November, and is up 134% year-on-year, the report said.<\/p>\n

Read more: U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) mining stocks tracked by JPMorgan have enjoyed a strong start to the year, with 12 of the 14 companies outperforming the world’s largest cryptocurrency in the first two weeks, the Wall Street bank said in a research report Thursday. The network hashrate has risen 2% month-to-date to an average of 793 exahashes per […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8200","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8200"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8200\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}