The daily income and gross profit from Bitcoin mining have been declining for the fourth consecutive month

On November 1, according to CoinDesk, the latest research report from JPMorgan Chase shows that the daily income and gross profit of Bitcoin mining have been declining for four consecutive months. The data shows that in October, the average daily block reward income per EH/s computing power for miners was $41,800, a month-on-month decrease of 1%. The gross profit from block rewards hit a recent low, down 2% month-on-month.

At the same time, the monthly average computing power of the Bitcoin network soared to a historical high of 702 EH/s in October, an increase of 9% month-on-month. The seven-day moving average computing power at the end of the month even reached 748 EH/s, an annual increase of 62%. It is worth noting that transaction fees once accounted for 60% of block rewards at the end of the month, providing some support for miner's income.