Bitcoin Mining Economics Improved in the First Half of November: JPMorgan
Summary
Bitcoin mining economics improved in early November, with hashprice rising 29% since October's end due to a BTC rally and increased transaction fees. The total market cap of tracked mining stocks increased by 33%, or $8 billion, driven by BTC gains and post-election crypto optimism. Bitcoin surged 30% to all-time highs after Donald Trump's U.S. presidential election victory. The network hashrate rose 2% to an average of 718 EH/s, indicating increased competition and mining difficulty. U.S.-listed miners now account for about 28% of the global network, maintaining record-high hashrate shares.
