JPMorgan estimates that the cost of Bitcoin mining will be reduced to $18,000
ChainCatcher news, according to The Block, based on the newly revised Cambridge Bitcoin Electricity Consumption Index method (CBECI), JPMorgan has revised its estimate of the production cost of Bitcoin from $21,000 to $18,000 in a research report. Analysts pointed out that changes in electricity prices now have a smaller impact on Bitcoin mining costs.
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