JPMorgan: Bitcoin Price is Now Lower Than Cost of Mining One BTC
Feb 14, 2019 at 10:35
According to research on the ground, the production-weighted cash cost to create 1 Bitcoin (BTC) averaged approx. $4,060 worldwide in the fourth quarter (Q4) of 2018, analysts from JPMorgan Chase Co. reveal. This cost is much higher than the current Bitcoin price as Bloomberg reports.