According to analysts at the American bank JPMorgan, daily income from Bitcoin mining has reached minimum values. The profit indicator has been declining for the third month in a row, experts noted.

JPMorgan said that in September, mining companies earned $42,100 per EH/s daily, which is 6% less than in August. In August, miners received $43,600 per exahash per second in block rewards.

However, despite the decline in mining profits, the total market value of 14 American companies operating in this market increased by 4% and reached $21 billion, JPMorgan experts said. According to them, the increase in the price of the first cryptocurrency did not allow miners to increase gross profits, and there are still no prerequisites for changing the situation for the better.

Analysts called transaction fees modest, not exceeding 5% of the reward for the received block. Perhaps by the end of 2024, Bitcoin miners will be able to get out of the crisis if they invest in more energy-efficient equipment and reduce unnecessary costs, according to JPMorgan.

Earlier, representatives of the financial company Standard Chartered pointed to a number of factors that could support Bitcoin growth in October. In their opinion, investors’ expectations became more optimistic after the US Federal Reserve System (FRS) cut the rate.