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According to PANews news on September 7, according to The Block, after the recent revision of the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology, JPMorgan Chase has lowered its Bitcoin production cost estimate. "With the new method, the current cost of producing bitcoins falls to around $18,000, compared to $21,000 with the old method," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a Wednesday note. Therefore, changes in electricity prices now have less impact on the cost of Bitcoin mining.


As reported last week, the Cambridge Bitcoin Electricity Consumption Index has officially revised its methodology for the first time since its launch in 2019.
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