JPMorgan has lowered its estimate of the cost of bitcoin mining and predicts that the upcoming halving event could have a significant impact on miners’ profits. The bank’s revised methodology takes into account the fact that not all mining equipment operates at the same efficiency level. Analysts also note that changes in electricity costs will have a larger effect on overall expenses, making cost management crucial for miners. The halving event, which occurs every four years, reduces the number of new bitcoins entering circulation and will result in lower rewards for miners.
AI Sentiment: Positive