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building a blockchain powered data marketplace on the cloud ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!Daily bitcoin (BTC) mining revenue and gross profit dropped in October for a fourth straight month, JPMorgan (JPM) said in a research report Friday.The bank estimated that bitcoin miners earned an average of $41,800 per exahash per second (EH/s) of hashrate in daily block reward revenue, 1% less than in September.Hashraterefers to the total combined computational power used to mine and process transactions on aproof-of-workblockchain and is a proxy for competition in the industry and mining difficulty.Profitability also fell.

building a blockchain powered data marketplace on the cloud ✌️【365vc.net】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!The bank estimated that daily block reward gross profit dropped 2% in October to the lowest level "on recent record."On a positive note, transactions fees spiked to as high as 60% of the block reward toward the end of the month, providing some hashprice relief, the bank said.

building a blockchain powered data marketplace on the cloud ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!The hashprice is a measure of mining company daily revenue.The monthly average hashrate for the Bitcoin network surged to a record high of 702 EH/s in October, after a whopping 9% gain from the month previous, the report noted."The month-end seven-day moving average network hashrate stood higher at 748 EH/s, up 18% from the end of September and up 62% year-on-year," analysts Reginald Smith and Charles Pearce wrote.The total market cap of the 14 publicly listed miners that the bank tracks rose 14% to $23.9 billion, led by companies with high-performance computing (HPC) exposure.Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry.

He's now covering the crypto beat as a finance reporter at CoinDesk.

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