JPMorgan: the fair price of Bitcoin is $ 2,400. Why miners don't agree?

Date:

2019-02-22 16:15:07

Views:

1294

Rating:

1Like 0Dislike

Share:

JPMorgan: the fair price of Bitcoin is $ 2,400. Why miners don't agree?

Representatives of JPMorgan provoked the miners of cryptocurrencies, stating on «fair price» the first cryptocurrency . This estimate is presumably based on marginal cost . However, many do not agree that the coin price you need to estimate the cost of mining Bitcoins in China. As stated in the report, analysts of JPMorgan for the 4th quarter of 2018, «the average cost of a miner in China for the production of one BTC is $ 2400».

According to them, this is the break-even point and marginal cost of production of each . So, from prices in the $ 4,000 Bitcoin needs to lose 40 percent to be quoted at «fair price».

the

What do people think about the miners?

However, as written by Bitcoinist, the miners do not consider it correct to apply the concept of marginal value to Bitcoin, as its structure is fundamentally different from other assets. Co-founder of the company-manufacturer of equipment for mining LuTech Ben Gagnon sure there can be no «average cost» or «breakeven». Subject to the limitations issue in 1800 BTC per day miner can count on a greater or smaller share of this remuneration. And in competition with other owners rigs.

…there will always be miners that complete blocks and get rewarded more than others because they use more energy efficient equipment with low cost electricity. If the price of Bitcoin will go down, and the costs of mining can also be reduced, because miners with less efficient equipment will begin to leave the market.

Perhaps JPMorgan is not quite like that at their disposal, the client deposits an amount that is 200 times the assets of the top 5 kryptomere together. Most likely, the fall of Bitcoin to 2400 would increase the gap to 300 times, even if savings sites were evenly distributed between all the available tokens. And since most of the savings of the exchanges is stored in bitcoins, the gap can reach several hundred times.

Also read:

In addition, it is very interesting how JPMorgan is going to assess their own recently a coin JPM. Since it is centralized and does not require mining, its marginal cost should theoretically be zero?

The More data you look at . The current rate of coins can be found in our classroom .

Recommended

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

May 2Miners: run pools Aeternity, the debut 2CryptoCalc and software upgrades

May 2Miners: run pools Aeternity, the debut 2CryptoCalc and software upgrades

the Last month of spring proved to work. The team started working on launching (AE), the addition of which the majority voted representatives of the community. Calculator profitability of mining Alexei Rubin moved to the domain and now will develop e...

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The representative Bitcoin SV: the entire Ethereum platform based on same

The representative Bitcoin SV: the entire Ethereum platform based on same

Calvin Eyre is one of the main supporters ever since in November 2018. He continues his attacks on the rest of the platform. This time the owner was generous and called it Scam. Tweet air referred to in relation to the key charact...