U.S. Bitcoin Miners Reach 29% Global Hashrate with 66% Supermajority, JPMorgan Reports

Oct 16, 2024, 03:30 PM

U.S.-listed Bitcoin miners have reached a new milestone, accounting for 29% of the global Bitcoin network hashrate, according to a report by JPMorgan. This marks a 4% increase in the network's hashrate for the month. The top two Bitcoin block producers, FoundryUSA and Antpool, have achieved a supermajority level of 66%, while the leading Ethereum block producers, Lido and Coinbase, control 40% of the Ethereum network. The rising hashrate coincides with a slight increase in hashprice, indicating a growing influence of U.S. miners in the cryptocurrency market.