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JPMorgan & Chase: Only Low-Cost Chinese BTC Miners in Profitable Positions

Jpmorgan & chase: only low-cost chinese btc miners in profitable positions

JPMorgan & Chase: Only Low-Cost Chinese BTC Miners in Profitable Positions

Analysts at JPMorgan Chase & Co. are claiming that BTC is no longer worth the cost to mine it — and only low-cost Chinese miners are in a winning position. 


The analysts at the American multinational investment bank and financial services company found that the production-weighted cost per BTC averaged just above $4,000 worldwide in Q4 2018.

bitcoin (BTC) is currently trading at $3,587.30 per coin, at the time of this writing, according to CoinMarketCap. The current price is therefore approximately $500 under the analysts’ determined production-weighted cost.

Bitcoin price

Winners and Losers

The takeaway from this price differential is that only the most cost-effective mining operations are currently coming out on the winning end.

As noted by Bloomberg, Chinese mining operations that operate at low-cost have the ability to mine BTC at around $2,400 per coin — thanks to contracts with electricity generators. Only those with agreeable arrangements with electricity producers are able to take advantage of such low-cost BTC mining.

Unsurprisingly, the analysts concluded that high-cost BTC producers will likely have little choice but to unplug. However, one should not fall victim to buying the doom and gloom — as various regions in the world are still seeing an increase in mining operations.

Bitcoin mining

Hash Rate

bitcoin’s hash rate has been steadily rising since reaching a low in December of last year, following the market leading cryptocurrency’s price drop from major support above $6,000 to prices above $3000.

December also saw the BTC difficulty adjusted by one of its largest decreases in history, which correlates with the hash rate chart.

Bitcoin hash rate

Winners: Low-Cost Chinese Miners

Regarding said price drop, the analysts stated:

The drop in BTC prices from around $6,500 throughout much of October to below $4,000 now has increasingly pushed margins further and further negative for just about every region except low-cost Chinese miners.

These low-cost Chinese miners continue to remain in the strongest and most profitable position for BTC mining, as the marginal costs for said operations could feasibly drop to below $1,260 per coin.

What do you think about JPMorgan Chase & Co.’s findings? Let us know your thoughts in the comments below! 


Images courtesy of CoinMarketCap, Shutterstock, Blockchain.info.

Published at Mon, 28 Jan 2019 03:00:40 +0000

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Selecting the Best Accessories for Your Cell Phone

Communication is essential in today’s busy world. Everywhere you turn, people are talking, texting blogging and surfing the Internet on their cell phones. With increased use, functionality and popularity, cell phone accessories were created to make toting around your portable device and staying connected 24/7 easier than ever before.

The Types of Cell Phone Accessories

When people hear the phrase, cell phone accessories, they often think of cases, covers and aesthetic additions to the cell phone. Cell phone accessories are not limited to aesthetics. There are many choices in the accessory market that prove more functional than beautiful.

For the MP3 compatible phone, there are accessories to listen to the music through your car speakers, portable speakers and charging devices that are essential due to the battery spent while listening to music. This is just one example of cell phone accessories that are more functional, common categories include batteries, Bluetooth, cases, clips, car chargers, home chargers, USB cables, car kits, mounts, wireless kits, downloads, applications and more.

How to Choose the Best Accessories

The first step in choosing the best cell phone accessories is understanding the model number of your phone. There are phone names and then there are model numbers. The Motorola Razr, for instance, is a phone name. Under that name there are many different models. The V3i offers integrated iTunes and will require an additional battery or portable charger on a regular basis. Other Razr models will not fit the same accessories as the V3i, or other Razr model numbers.

Once you know the name and model number of your cell phone, many manufacturers and online retailers will list the available accessories. Just because an accessory is available for one cell phone does not mean it will be available for every cell phone. This means researching the accessories available for a cell phone before choosing the phone may be a money saving option in the long run.

Another huge factor in choosing the accessories for your cell phone is your daily life. If you use your cell phone in the car, a car mount will increase safety. If you use your phone only occasionally, a Bluetooth earpiece may not be something you will benefit from. The idea is to ask yourself these questions:

  • What do I do with my cell phone every day?
  • Do my activities require additional battery life?
  • Am I using my cell phone to its full capacity?
  • Is the accessory cost going to be recouped in ease of use?
  • Will I use the accessory every day?

Cell phones are available all over the world; keeping people connected to each other 24 hours a day, seven days a week. This constant connection and the huge increases in network speeds and connectivity between the Internet and the cell phone point toward the accessory market. The more your phone can do the more accessories available to make that cell phone and your use of the cell phone, all the easier and more productive.

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