JPMorgan Says 20% of Miners Operating at a Loss as Bitcoin Trades Below Production Cost
JPMorgan analysts say bitcoin has traded below its estimated production cost for five straight months, pushing about 20% of miners into unprofitable territory. Public miners have responded by selling more than 32,000 BTC...
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Bitcoin is showing up inside the Mining theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost
Bitcoin Magazine JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production...
JPMorgan says bitcoin mining economics have ‘worsened’ as BTC trades below production cost
JPMorgan's current estimated production cost of bitcoin is about $78,000, while bitcoin is curr...
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