JPMorgan estimates it costs about $78,000 to mine one bitcoin, forcing about a fifth of miners to operate at a loss Bitcoin has spent five straight months trading below what it costs to produce, squeezing miners and forcing some to sell, JPMorgan said in a note. The bank pegs the cost to mine one bitcoin at about $78,000, well above the roughly $62,500 the asset fetches now. The strain is showing and about 20% of miners are now unprofitable, the bank said citing CoinShares data, and publicly tr…
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