Bitcoin Mining Costs Exceed BTC Price, Says JPMorgan

Bitcoin mining economics have deteriorated sharply this year. According to a new JPMorgan report, Bitcoin has traded below its estimated production cost for five straight months, putting increasing financial pressure on miners. Bitcoin Trading Below Production Cost JPMorgan estimates that it currently costs about $78,000 to mine one Bitcoin. Meanwhile, Bitcoin is trading near $62,500. […] Read The Full Article Bitcoin Mining Costs Exceed BTC Price, Says JPMorgan On Coin Edition.