TechFlow news, November 19 — According to CoinDesk, a recent JPMorgan research report revealed that the economics of Bitcoin mining significantly improved during the first half of November. Data showed that hashprice, a metric measuring mining profitability, rose 29% since the end of October, driven primarily by Bitcoin's price gains outpacing network hashrate growth, along with an increased proportion of transaction fees in block rewards.
The report noted that the total market capitalization of mining-related stocks tracked by the bank grew by 33%, or approximately $8 billion, between October 31 and November 15. Network hashrate has increased by 2% so far this month, averaging 718 EH/s. Notably, 14 U.S.-listed mining firms currently account for about 28% of global network hashrate, maintaining a historically high level.
