Bitcoin Mining costs get a makeover: JPMorgan’s revised cost estimate sends shockwaves
JPMorgan has revised its estimate for the cost of Bitcoin mining, following the revision of the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology. The bank now estimates the production cost to be $18,000, down from $21,000. The new methodology takes into account the varying efficiencies of different mining equipment, as miners often upgrade to more […]