J.P. Morgan Research Report: In January, Bitcoin network hash rate increased by only 1%, and mining difficulty rarely decreased by 2% month-on-month

ChainCatcher message, according to the latest research report from JPMorgan, in January, the average monthly Bitcoin network hash rate slightly increased by 1% year-on-year to 785 EH/s, while mining difficulty decreased by 2% month-on-month. The report pointed out that the average hash rate for the last week of the month was 781 EH/s, a decrease of 2% compared to 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 revenue, in January, miners earned an average daily block reward income of $57,200 per EH/s, an increase of less than 1% compared to December.