JPMorgan Raises Bitcoin Mining Cost Estimate to $45,000

JPMorgan analysts have revised their estimate for the cost of producing one bitcoin to $45,000, citing recent changes in the Bitcoin mining hashrate. This update comes after the quadrennial halving event, which reduced the block reward for miners by 50%. Previously, the bank’s analysts, led by Nikolaos Panigirtzoglou, projected a production cost of $42,000. However, […] source: https://coinedition.com/jpmorgan-raises-bitcoin-mining-cost-estimate-to-45000/