Bitcoin mining is facing an unbelievable amount of difficulties right now – from mining farms going bankrupt, to the ever-present “green energy” debate. Is it still worth it to mine Bitcoin, or should you stop mining BTC right now? Let’s find out! Sub! https://voskco.in/Sub
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One of the biggest BTC mining farm companies in the world, Compute North, has filed for bankruptcy amidst the falling Bitcoin prices and growing mining hashrate. Although BTC is far from its ATH, the hashrate continues to grow, making Bitcoin miners less and less profitable. Subsequently, Bitmain has since had to drastically lower the prices of their miners as they can no longer justify their insane price gouging. Despite this, some other mining companies are expanding their total hashrate and seem to be more bullish on Bitcoin mining than ever? Let’s cover all of this insane Bitcoin mining news and more, and find out how it impacts you if you’re a Bitcoin miner, or even looking to start mining Bitcoin soon!
📑 Crypto News 📑
Compute North Files For Chapter 11 Bankruptcy and 363 Asset Sale! – https://hashrateindex.com/blog/compute-north-files-for-chapter-11-bankruptcy-and-363-asset-sale-what-now/
Riot Blockchain $RIOT suing company over Texas BTC mining farm –
https://www.coindesk.com/business/2022/09/21/riot-blockchain-sues-northern-data-over-disclosures-related-to-texas-bitcoin-mine-acquisition/
Bitfarms boost their total hashrate in Argentina – https://www.coindesk.com/business/2022/09/19/bitcoin-miner-bitfarms-starts-production-in-argentina-increases-hashrate-to-41-ehs/
Bitmain discounts miner prices – is this bad for mining rig prices? https://www.coindesk.com/business/2022/09/21/bitmain-discounts-bitcoin-mining-machines-in-an-already-depressed-market/
Is Bitcoin mining bad for the environment? Not green enough? – https://www.nbcnews.com/tech/crypto/bitcoin-mining-struggles-go-green-research-shows-rcna49616
⏰ Timestamps ⏰
00:00 The state of Bitcoin mining is looking bad!
02:24 Compute North files for Chapter 11 bankruptcy
04:56 Riot Blockchain sues Northern Data
06:58 Birfarms starts 4.1 EH/s farms in Argentina
08:04 Digihost taking over Fortistar power plant
09:11 Bitmain discounts their Bitcoin miners
11:03 Organizations trying to discredit Bitcoin?
13:38 Foundry offers training program for miners!
13:51 Some good news in the Bitcoin mining sector!
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