This content originally appeared on DEV Community and was authored by Insights YRS
Title: Bitcoin Mining Profitability Surges to Record Highs in July, JPMorgan Report
Introduction:
Bitcoin mining has been a profitable venture for miners in recent months, with profitability reaching its highest level since the halving event in July 2021, according to a report by JPMorgan. The report highlights the strong performance of Bitcoin miners in July, with daily block reward revenue reaching an average of $57,400 per EH/s, up 4% from June.
Bitcoin Mining Profitability:
Bitcoin miners enjoyed a strong month in July, with profitability reaching its highest level since the halving event in May 2020. The average daily block reward revenue per EH/s was $57,400 in July, up 4% from June. This represents the highest level since the halving event, which reduced the reward from 6.25 to 3.125 BTC per block.
Despite the increase in profitability, daily revenue and gross profit per EH/S are still 43% and 50% below pre-halving levels, respectively. This is due to the fact that the halving event reduced the mining reward, which has led to a decrease in the overall profitability of mining.
Bitcoin Network Hashrate:
The monthly average network hashrate, a proxy for competition in the industry and mining difficulty, rose 4% to 899 EH/s in July, after a decline in June in response to warmer temperatures. Mining difficulty was 9% higher at the end of last month, and 48% higher than before the last halving event.
The increase in mining difficulty has led to a decrease in the overall profitability of mining, as miners need to invest more resources to maintain their operations. However, the increase in hashrate has also led to an increase in the overall security of the Bitcoin network, as it becomes more difficult for attackers to compromise the network.
Top-Performing Miners:
Ten of the thirteen U.S.-listed miners that JPMorgan tracks outperformed bitcoin in July. Argo Blockchain (ARBK) outperformed with a 66% gain, while Core Scientific (CORZ) underperformed the group with a 21% decline.
Conclusion:
In conclusion, Bitcoin mining has been a profitable venture for miners in recent months, with profitability reaching its highest level since the halving event in July 2021. Despite the increase in profitability, daily revenue and gross profit per EH/S are still below pre-halving levels, due to the decrease in mining reward. The increase in mining difficulty has led to a decrease in the overall profitability of mining, but it has also led to an increase in the overall security of the Bitcoin network. As the market continues to evolve, it will be interesting to see how miners adapt to the changing landscape and how the profitability of mining will be affected.
đź“Ś Based on insights from coindesk.com
This content originally appeared on DEV Community and was authored by Insights YRS
Insights YRS | Sciencx (2025-08-12T00:25:17+00:00) Title: Bitcoin Mining Profitability Surges to Record Highs in July, JPMorgan Report. Retrieved from https://www.scien.cx/2025/08/12/title-bitcoin-mining-profitability-surges-to-record-highs-in-july-jpmorgan-report/
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