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Breakeven cost for bitcoin mining is $8.6K - Morgan Stanley

Published 04/19/2018, 01:21 PM
Updated 04/19/2018, 01:21 PM
© Reuters.  Breakeven cost for bitcoin mining is $8.6K - Morgan Stanley
  • That $8.6K is for large mining pools with a very low cost for electricity ($0.03 per kW/h), according to analyst Charlie Chan and team. Even with a recent rally, the price of bitcoin has been below that level for some time, and Chan expects even further decline in demand for mining hardware and chips.
  • Indeed, Taiwan Semiconductor (TSM -6.1%) is leading the semis down today after it cut guidance, in part thanks to uncertainty over crypto mining demand. Nvidia (NVDA -3.4%)
  • Bitcoin (BTC-USD) today is up marginally to $8,268.
  • OTCQX:GBTC +3.2%
  • Now read: Digital Currencies Stage A Comeback


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