JPMorgan Chase: Bitcoin mining revenue and profits have been declining for four consecutive months

Odaily Planet Daily News: JPMorgan Chase (JPM) announced in a research report on Friday that daily mining revenue and gross profit of Bitcoin (BTC) declined for the fourth consecutive month in October. JPMorgan estimates that the gross profit of Bitcoin's daily block rewards decreased by 2% in October, reaching the lowest level on record in recent times. On the positive side, transaction fees surged to 60% of block rewards at the end of the month, providing some relief for hash prices. （Coindesk）