Bitcoin Mining Profitability Fell for Fourth Consecutive Month in November: JPMorgan

Bitcoin (BTC) mining profitability declined for the fourth month in a row in November, according to a Monday report by JPMorgan (JPM). Daily block reward gross profit also slumped 26% from the month previous, analysts Reginald Smith and Charles Pearce wrote. The Bitcoin network hashrate dropped 1% to an average of 1,074 exahashes per second (EH/s) in November, the report said, after hitting a record high in October. "Bitcoin miners earned an average of $41,400 per EH/s in daily block reward revenue in N ...