{"id":2918,"date":"2024-12-19T08:56:49","date_gmt":"2024-12-19T10:56:49","guid":{"rendered":"https:\/\/criptonizando.com\/en\/?p=2918"},"modified":"2024-12-20T09:50:00","modified_gmt":"2024-12-20T11:50:00","slug":"bitcoin-miners-set-for-a-profitable-december-says-jefferies","status":"publish","type":"post","link":"https:\/\/criptonizando.com\/en\/news\/bitcoin-miners-set-for-a-profitable-december-says-jefferies\/","title":{"rendered":"Bitcoin Miners Set for a Profitable December, Says Jefferies"},"content":{"rendered":"\n

Bitcoin miners are expected to enjoy another month of profitability as December unfolds, thanks to favorable market conditions. A report by investment bank Jefferies highlights<\/a> how miners have benefited from Bitcoin’s strong performance and improved operational efficiencies.<\/p>\n\n\n\n

November Gains Lay the Groundwork for Bitcoin<\/h2>\n\n\n\n

Bitcoin\u2019s rise to record highs earlier this week has built on the momentum miners gained in November. The average Bitcoin price in November was 31% higher than in the previous month, while the network hashrate\u2014a measure of the computing power used for mining\u2014increased by nearly 4%, Jefferies noted in its Wednesday report.<\/p>\n\n\n\n

Despite this rise in mining<\/a> difficulty, daily revenue per exahash (EH) reached $55,649 in November, marking a 20.7% increase from October. This boost came as miners optimized operations, partly benefiting from cooler winter temperatures.<\/p>\n\n\n\n

U.S.-listed mining firms accounted for 24.7% of Bitcoin\u2019s network activity in November, even as individual companies mined fewer bitcoins compared to October. MARA Holdings led the pack, mining 907 bitcoins, followed by CleanSpark with 622.<\/p>\n\n\n\n

Market and Operational Trends<\/h2>\n\n\n\n

Jefferies\u2019 report also highlights MARA Holdings\u2019 dominance, with an installed hashrate of 46.1 EH\/s, the largest in the sector. CleanSpark trailed with a 33.7 EH\/s capacity. These figures underline the increasing scale of industrial mining operations and the growing competition within the industry.<\/p>\n\n\n\n

As December progresses, miners are expected to maintain profitability, supported by Bitcoin\u2019s strong market performance. However, recent data shows Bitcoin\u2019s price has dipped slightly to $97,980.30, a 3.08% decline over the last 24 hours. This volatility, while common in the crypto market, remains a factor miners must navigate as they capitalize on current conditions.<\/p>\n\n\n\n

Bitcoin mining continues to evolve, with larger players benefiting from economies of scale and technological advancements. The coming weeks will reveal how these factors shape the industry’s trajectory as the year ends.<\/p>\n\n\n\n

As Bitcoin currently trades at $97,980.30, with a market cap nearing $1.94 trillion, the industry remains well-positioned. With favorable conditions and efficient operations, Bitcoin miners are poised to end the year on a high note.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin miners are expected to enjoy another month of profitability as December unfolds, thanks to favorable market conditions. A report by investment bank Jefferies highlights how miners have benefited from Bitcoin’s strong performance and improved operational efficiencies. November Gains Lay the Groundwork for Bitcoin Bitcoin\u2019s rise to record highs earlier this week has built on […]<\/p>\n","protected":false},"author":10,"featured_media":2919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","kia_subtitle":"","footnotes":""},"categories":[1],"tags":[44,20,35],"class_list":["post-2918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-crypto-market","tag-cryptocurrency"],"acf":[],"yoast_head":"\nBitcoin Miners Set for a Profitable December, Says Jefferies - Criptonizando<\/title>\n<meta name=\"description\" content=\"Bitcoin miners are set for another profitable month in December, thanks to strong Bitcoin performance and improved operational efficiencies\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/criptonizando.com\/en\/news\/bitcoin-miners-set-for-a-profitable-december-says-jefferies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Miners Set for a Profitable December, Says Jefferies - 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