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Cryptocurrency News

BTC mining costs reach 10-month lows as miners use more efficient rigs

07/16/2022

Less than a minute

2022.07.16 11:35

BTC mining costs reach 10-month lows as miners use more efficient rigs

Budrigannews.com – The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak.

On Wednesday, strategists from JPMorgan (NYSE:JPM) led by Nikolaos Panigirtzoglou told investors that Bitcoin production costs have fallen to around $13,000 from $24,000 at the beginning of June.