JPMorgan just dropped a report that’s basically a participation trophy for Bitcoin miners 🏆, declaring July their most profitable month since the halving circus in April. Mining difficulty? Oh, it’s *just* hit record highs. No biggie. 😘
Bitcoin decided to moonwalk its way to a sizzling $122,838 🚀, which definitely didn’t hurt. Sure, it corrected 8% afterward—*only* 8%! Miners raked in $57,400 daily per EH/s, because why not? Publicly traded mining firms even flexed harder than Bitcoin’s price chart 💸.
But here’s the twist: mining Bitcoin is now as easy as assembling IKEA furniture blindfolded 🔨. Mining difficulty jumped 9% in July alone, peaking at 127.6 trillion. Block times? Now averaging 10 minutes and 20 seconds—because nothing says “blockchain efficiency” like waiting for your coffee to cool 🕐. Hashrate pressure’s up, and so is everyone’s blood pressure 🩸.
Top mining firms, meanwhile, are hoarding coins like a squirrel with a nut stash 🐿️… except they’re *not*. Farside Investors says their coin accumulation dropped in H1. Electricity bills spiking faster than your Wi-Fi password changes? Check. Post-halving rewards of 3.125 BTC? Cute. Margins? Thinner than a TikTok trend 🍑.
JPMorgan casually mentions that revenues are still 43% lower compared to pre-halving times 🤭. No big deal! MARA Holdings’ stock took a nosedive last week 📉 despite revenue up the wazoo ($238M) and net income jumping 505% ($808M)—thanks, revalued Bitcoin! 🤑
But hey, don’t take our word for it! This article is about as trustworthy as a crypto whitepaper 📄. Do your own research, kiddo. Or don’t. We’re not your mom (unless you’re into that kinda thing 👀).
Read More
- Gold Rate Forecast
- USD PHP PREDICTION
- ETH PREDICTION. ETH cryptocurrency
- NEXO PREDICTION. NEXO cryptocurrency
- USD ILS PREDICTION
- LTC PREDICTION. LTC cryptocurrency
- USD PEN PREDICTION
- USDE PREDICTION. USDE cryptocurrency
- INR RUB PREDICTION
- EUR UAH PREDICTION
2025-08-03 20:04