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Bitcoin rebound fails to lift mining profits, gains limited

Bitcoin has climbed to around $86,000, but profitability gains for miners remain limited after the latest difficulty adjustment. Revenue per unit of computing power is estimated to be about 2.65 percent above the prior baseline, based on price, difficulty and recent network hashprice. Fee income has contributed little, accounting for about 0.45 percent of rewards in a recent 144-block sample. Attention is turning to the next difficulty adjustment, currently estimated to decline by 2.48 percent, though the estimate is still early.