This is just a lie. Coindesk is the worst media in the world.

They can't calculate correct price of mining because it's more complex and enerrgy costs are different in so many regions and inside the electiric producers etc. !

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mathgeek 3 hours ago | parent [-]

It’s not a lie, nor a damn lie. It’s statistics!

	▲	littlecranky67 2 hours ago \| parent [-]
		Exactly: "The average production cost was sitting at $88,000 per bitcoin in mid-March". Emphasis on average. Just as in a free market, those miners with higher mining costs are priced out of the market. Or are pressured to become more efficient. Those that are below-average probably already are efficient.