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JPMorgan Chase: Bitcoin network computing power increased slightly in the first two weeks of May

According to online reports, JPMorgan Chase pointed out in a research report released on Friday that Bitcoin network computing power increased by 2% in the first two weeks of May, reaching an average of 88.5 EH/s per second. As the price of Bitcoin rises, miners 'gross profit has expanded month-on-month, mining economic conditions have improved, and miners' profitability has increased. The hash price, which measures daily mining profitability, rose 13% from April, which is "encouraging". Analysts said that in the first two weeks of this month, miners 'daily block reward income per EH/s was approximately US$50100, up 13% from the previous month and 3% year-on-year. In addition, U.S. listed mining companies maintain a share of online computing power, currently accounting for approximately 30.5%, up 1.1% from April. The total market value of the 13 U.S. Bitcoin mining stocks tracked by the bank rose 24% this month, or $4.6 billion, with Bitdeer rising 43%, and Greenidge falling 5%.(CoinDesk)

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