JPMorgan & Chase: Only Low-Cost Chinese Bitcoin Miners in Profitable Positions

Analysts at JPMorgan Chase & Co. are claiming that Bitcoin is no longer worth the cost to mine it — and only low-cost Chinese miners are in a winning position.  The analysts at the American multinational investment bank and financial services company found that the production-weighted cost per bitcoin averaged just above $4,000 worldwide in Q4 … Continue reading JPMorgan & Chase: Only Low-Cost Chinese Bitcoin Miners in Profitable Positions