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JPMorgan Chase & Co analysts calculated that the cost of a single property in bitcoins was greater than the actual value of encryption.
Naked Science reports with reference to Bloomberg
The essential element of the cost of "mining" in bitcoin is the payment of the electricity necessary for the operation of powerful and energy-consuming computers.
The cost of creating a bitcoin is $ 4060 on average, which is significantly higher than its current value Currently, bitcoin transactions are less than $ 3,600
The same bitcoin expert in China has found ways to significantly reduce these costs by opening up the production of cryptovolume in the immediate vicinity of power generators, by entering into agreements with them for the direct acquisition of the resource. According to JPMorgan analysts, this allows for an average payment of "for all" of about $ 2,400 per bitcoin.
However, despite the rising costs, many Western Bitcoin miners do not have to pay for it. The experts have found that the production capacity has increased slightly in some countries (Czech Republic, United States and Iceland).
According to the year If only low-cost Chinese merchants remain in the bitcoin market, marginal costs could fall to less than US $ 1260 for bitcoin
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