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The network hashrate, a proxy for competition in the industry and mining difficulty, increased for the second straight month, the bank noted. “The network hashrate averaged 631 EH/s in August, up 16 EH/s from last month, and about 20 EH/s below prehalving levels,” the authors wrote.
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Bitcoin (BTC) Mining Profitability Is Stuck at Record Lows, JPMorgan (JPM) Says
