JPMorgan lowers Bitcoin’s production cost: what it means for Miners and Investors?
JPMorgan has adjusted its estimation of Bitcoin’s production costs, revising it from $21,000 to $18,000. This adjustment is in response to the Cambridge Bitcoin Electricity Consumption Index (CBECI) updating its methodology for tracking and estimating the electricity consumption of the Bitcoin network. The revised methodology has implications for mining costs, with JPMorgan analysts noting that […]