Bitcoin (BTC) Mining Revenue Declines Again in November, JPMorgan Reports Fourth Monthly Drop

Profitability for Bitcoin (BTC) miners continued to decrease throughout November, marking the fourth consecutive month of decline, according to analysts at JPMorgan. The report highlights a sustained downturn in mining revenue, a key metric for the health of the Bitcoin network's infrastructure. This trend is primarily attributed to increasing network difficulty and hash rate, coupled with relatively stable Bitcoin prices, which squeeze miners' profit margins. The persistent reduction in mining profitability could signal potential pressure on less efficient mining operations, potentially leading to further network hash rate adjustments. Market observers are monitoring this trend for its implications on Bitcoin's security and the broader crypto mining sector.