Miners going to pump tomorrow! (Patreon)

JPMorgan recently revised its estimation of Bitcoin production costs from $21,000 to $18,000, influenced by changes in the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology.  

The updated CBECI methodology reduces sensitivity to electricity price fluctuations, with the cost of producing 1 Bitcoin decreasing to approximately $3,800 per one cent per kWh.