Bitcoin mining profitability has plunged to unprecedented lows, as indicated by a recent report by JPMorgan. Analysts forecast that Bitcoin miners earned an estimated average of $43,600 per EH/s in daily block rewards in August, marking the lowest level recorded thus far. During the peak period of November 2021, Bitcoin’s price reached $60,000 with a hash rate of 161 EH/s, resulting in block reward values soaring to $342,000. Bitcoin mining faces historic profitability challenges, signaling po...
