Bitcoin mining economics saw a notable improvement in early November, with the hashprice rising nearly 30% as profitability increased, according to JPMorgan's research. The bank reported that the market capitalization of tracked mining stocks surged by 33%, approximately $8 billion, attributed to significant gains in Bitcoin and a general rise in crypto market confidence following the recent U.S. presidential elections. Bitcoin experienced a substantial price increase of up to 30% after Donald Trump's victory. The network hashrate also saw a 2% increase month-to-date, averaging 718 exahashes per second, which reflects competition and mining difficulty in the sector. The report noted that U.S.-listed miners now hold around 28% of the global Bitcoin network, their share of the network hashrate remaining at record highs.

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