Bitcoin miners saw a significant boost in profitability last month, with daily revenue and gross profit per exahash per second (EH/s) reaching the highest levels since April. According to a recent report, miners earned an average of $57,100 per EH/s in daily block reward revenue in December, marking a 10% increase from November. Despite this growth, profitability remains 43% and 52% below pre-halving levels for daily revenue and gross profit, respectively. The network hashrate, which measures the total computational power used for mining, grew by 6% to an average of 779 EH/s. Mining difficulty also increased by 7% from the previous month and is now 27% higher than before the halving event in April. However, the hashrate growth in 2024 was slower at 54% compared to a 103% increase in 2023. The market cap of 14 publicly listed bitcoin miners dropped by 23% to $28 billion in December, after a 52% rise in November. TeraWulf was the standout performer, gaining 136% last year, while Bitcoin itself climbed about 120%.
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