JPMorgan Chase: Bitcoin mining costs are expected to drop to $45,000

Odaily News JPMorgan Chase (JPM) said in a research report on Thursday that the estimated cost of Bitcoin mining has dropped to $45,000 as inefficient miners exit the network. JPMorgan Chase said that it had previously expected that the computing power would drop significantly after the halving due to unprofitable miners exiting the network. This is now happening, but with some delays. (Coindesk)