JPMorgan Chase: Bitcoin mining costs expected to drop to $45,000
2024-05-16 15:11:18
JPMorgan Chase (JPM) said in a research note on Thursday that bitcoin mining costs are expected to drop to $45,000 as inefficient miners exit the network. JPMorgan said it had expected a significant decrease in hashrate after the halving as unprofitable miners exit the network. This is happening now, but with some delays.
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