JPMorgan has caused a stir amongst cryptocurrency miners, after last month’s report estimating Bitcoin’s ‘fair value’ at $2400. This assessment derives from the marginal cost of producing Bitcoin, but some disagree with Chinese miners’ production cost estimations. The Price Of Dystopia In the report, JPMorgan analysts claimed that the “average cash cost of a low-cost Chinese miner was around US$2,400 per bitcoin” in Q4 2018. This, they suggested, is the break-even point; the marginal cost ofRead MoreThe post Miners Disagree With JPMorgan Over Bitcoin’s $2400 ‘Fair Value’ appeared first on Bitcoinist.com.
