@abhinav0522
December is expected to be a profitable month for bitcoin miners, the report said.
The miners enjoyed a strong November as the rally in the world's largest cryptocurrency outpaced the rise in the network hashrate, the bank noted.
MARA Holdings mined the most bitcoin in November and its hashrate remained the largest in the sector, Jefferies noted.
BTC's rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to a report by investment bank Jefferies on Wednesday.
Bitcoin mining economics improved in November as the average price of bitcoin was 31% higher while the average network hashrate rose by almost 4%, the report said.
0 reply
0 recast
0 reaction