People are currently paying $28 on average to make transactions using the digital currency, according to data by BitInfoCharts. Users of cryptocurrency exchanges like Coinbase incur such transaction fees when transferring money to an externalbitcoin address.That was from the search engine, and represents about the cost of an ATM fee for the typical trade.
JP Morgan is full of crap on bitcoin:
The production-weighted cash cost to create one Bitcoin averaged around $4,060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.
With Bitcoin itself currently trading below $3,600, that doesn’t look like such a good deal. However, there’s a big spread around the average, meaning that there are clear winners and losers.
It is not about mining, it is about accounting and hedging the central banks for less than an ATM feed. The JP Morgan post is strictly punditry, not market research.
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