Bitcoin miners near breakeven as network reacts more sharply to price swings: JPMorgan

Bitcoin miners near breakeven as network reacts more sharply to price swings: JPMorgan

A growing share of miners are operating near breakeven levels, making hashrate and mining difficulty increasingly responsive to bitcoin's price movements, the bank said.

Bitcoin’s production cost hits 78000 dollars but the price s

🚨 The cost to mine $BTC has surged to 78000 dollars while the price remains at just 64700 dollars. 🪫 Over 20 percent of miners are now losing money under growing financial pressure. 🤖 Public mining companies are shifting toward AI and high-performance computing. Continue Read...

20% of Bitcoin Miners Operate at a Loss as Price Dips Below $78,000

JP Morgan has released a stark figure: twenty percent of Bitcoin miners are currently operating at a loss. The reason?… Read the original on 20% of Bitcoin Miners Operate at a Loss as Price Dips Below $78,000. For more crypto news and analysis, visit TheCurrencyAnalytics.com.