Published by
Benzinga
JPMorgan (NYSE: JPM) on Friday revealed that Bitcoin (CRYPTO: BTC) miners who can access inexpensive electricity from sustainable sources are more likely to thrive amidst intensifying competition. In a research report, the bank emphasized that the primary expenditure in Bitcoin mining is electricity, which significantly influences the total production costs of the cryptocurrency. Consequently, miners are on a quest to secure more affordable and renewable energy solutions to safeguard their profit margins, Coindesk reported. JPMorgan’s report highlighted that electricity prices have been dippin…
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