Bitcoin miner profits saw a significant rise in July, reaching their highest level since the last halving in April 2024, as reported by JP Morgan. Miners earned an average of $57,400 per EH/s in daily block reward revenue, attributed mainly to an increase in Bitcoin's price, which peaked at $122,838 during the month. Despite the profitability, challenges such as rising operational costs, increased mining difficulty, and lower rewards for transaction verification persist. Daily revenue and gross profit per EH/s fell 43% and 50% below pre-halving levels respectively. Mining difficulty also increased by 9%. The report indicates that while ten of the thirteen miners observed outperformed Bitcoin's price appreciation in July at +8%, the crypto market's long-term performance post-halving is constrained by macroeconomic factors that remain a challenge for sustained gains.

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