Mining is likely to be pointless after the halving

8 Jun 2023

Currently, publicly traded bitcoin mining companies mine at a cost of $10,000 to $15,000 per bitcoin. Once the halving occurs, those costs will double, bringing the break-even point for miners to $20,000 to $30,000. "If bitcoin didn't seriously exceed $30,000, many of them would probably be mining at a loss." Wall Street giant JPMorgan Chase predicts that bitcoin could cost as much as $40,000 per bitcoin mined after it is cut in half.