Gute Miner können mit dem aktuellen Preis hohe Margen erzielen.
JPM
"We had recently highlighted (see F&L of June 24th)
that the fight for survival among bitcoin miners has
been inducing an increase in mining efficiency and as
a result a reduction in bitcoin’s production cost. Our
estimate of bitcoin’s average production cost has
dropped from around $20k at the beginning of June to
around $15k by the end of June and around $13k
currently (Figure 19). See F&L of June 24th for more
details about our methodology for estimating the
average production cost for bitcoin.
- This decline of the production cost estimate been has
been driven almost entirely by the decline in
electricity use as proxied by the Cambridge Bitcoin
Electricity Consumption Index, while the hash rate
has been fluctuating in recent months with no clear
downtrend (Figure 20). The picture from Figure 20 is
in our opinion consistent with a strong effort by
miners to protect their profitability by deploying
more efficient mining rigs rather than a mass exodus
by less efficient miners.
- While clearly helping miners’ profitability and
potentially reducing pressures on miners to sell
bitcoin holdings to raise liquidity or for deleveraging,
the decline in the production cost might be perceived
as negative for the bitcoin price outlook going
forward to the extent that the production cost is
perceived by some market participants as the lower
bound of the bitcoin’s price range in a bear market."
Quelle
https://wp.decrypt.co/wp-content/uploads/2022/07/...St_2022-07-13.pdf