Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan

Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan


JPMorgan estimates that the current mining cost for bitcoin miners is around $45,000. The launch of the Runes protocol meant the hashrate didn’t immediately fall post-halving as expected, the report said. Due to several headwinds, the bank doesn’t see any upside in the bitcoin price in the near term.

The current hashrate and power consumption on the Bitcoin (BTC) network implies an estimated mining cost of about $45,000, down from above $50,000, JPMorgan (JPM) said in a research report on Thursday.

The bank said it had previously anticipated a significant drop in the hashrate after the halving as unprofitable miners exited the

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