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The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)Estimating the Cost of Bitcoin Production � Total Production Cost as an estimate for the expended value to produce the coins mined each day. A previous model put the average miner acquisition price at $24, per Bitcoin � around 8% below spot as of Sept. Bitcoin Difficulty. open.coingalleries.org � post � jpmorgan-bitcoin-mining-cost-estimate.