Mining

How hard has this bear market been for Bitcoin mining? Watch Market Talks on Cointelegraph

On this week’s episode of Market Talks, Cointelegraph welcomes Drew Vosk, founding father of VoskCoin, a cryptocurrency YouTube channel with over 607,000 subscribers.

This week, we take a deep dive into all issues crypto from the distinctive perspective of a Bitcoin (BTC) miner. We get Vosk’s tackle the issues which can be impacting his backside line as a Bitcoin miner and what challenges he’s at present going through by mining Bitcoin at dwelling versus with an industrial miner.

Is it value investing in a photo voltaic mining farm with electrical energy prices hovering for the time being? What’s the ROI, and is it more cost effective in the long term to harness the ability of the solar? Vosk not solely mines Bitcoin but additionally a number of different cash. We ask him what his mining technique is to remain afloat in these troubling instances.

Subsequent, we pivot over to centralized finance (CeFi) and decentralized finance (DeFi). We ask if he has been impacted by all of the current bankruptcies and what his most important takeaway from every thing that has occurred is.

As we method 2023, we talk about what modifications have to happen to make it simpler and more cost effective to mine Bitcoin and different cryptocurrencies. We additionally have a look again on 2022 — has this been the hardest yr for miners, and is it over, or is the worst but to return? 

In case you’re fascinated about entering into cryptocurrency mining or establishing your individual mining rig, ensure to tune in, as we’ve received some nice data for anybody trying to get into the house. Who higher to stroll you thru all of it than somebody who has actually put every thing on the road to mine Bitcoin and has been via all of the highs and lows of the market?

Be sure that to remain tuned till the tip to get all of the solutions and extra. We’ll even be taking your questions and feedback all through the present, so remember to have them able to go.

Market Talks streams dwell each Thursday at 12:00 pm ET (5:00 pm UTC). Every week, we characteristic interviews with a few of the most influential and provoking folks from the crypto and blockchain business. So, remember to head on over to Cointelegraph’s YouTube page and smash these Like and Subscribe buttons for all our future movies and updates.

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