How much does it cost to produce a Bitcoin? JPMorgan has an idea
Updated: 14 Jul 2022, 08:02 AM IST
TL;DR.Bitcoin’s cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen as a negative for pricing, according to JPMorgan Chase & Co.
FILE PHOTO: A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier