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Mining Costs Overtake Bitcoin Value but BTC Price Charts Remain Stable

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The cost of mining now outweighs the price of Bitcoin (BTC) according to a recent report by JPMorgan Chase. Analyzing the fees associated with producing a single coin, the financial firm found that the average cost of mining BTC is $4,060. Although the calculation takes into account a variety of factors, including purchasing and running the necessary equipment plus the time it takes to mine a coin, Bitcoin has hit a tipping point. With BTC price charts only hitting $4,090 this year, the threat of a cost>value scenario has been on the cards for weeks. Subsequently, as the price of ...

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