JPMorgan: Bitcoin Network Hash Rate Sees Modest 1% Increase in January, Mining Difficulty Experiences Rare 2% Sequential Decline

BlockBeats News, February 5th. According to the latest research report from JPMorgan Chase, in January, the average monthly hash rate of the Bitcoin network increased slightly by 1% year-on-year to 785 EH/s, while the mining difficulty decreased by 2% month-on-month. The report pointed out that the end-of-month average weekly hash rate was 781 EH/s, a 2% decrease from the end of December.

Analysts stated that this situation is relatively rare and is a mild positive for the Bitcoin mining economy. It is worth noting that the current network difficulty is still 25% higher than before the halving in April last year. In terms of income, in January, miners' average daily block reward income per EH/s was $57,200, an increase of less than 1% from December.