mining farms – Pancake Money

Bitcoin mining farms are in trouble – millions of dollars missing, BTC prices dropping every day, and mining profitability is at all-time lows. How are Bitcoin Miners responding to these circumstances? Are industrial BTC mining farms going to be a thing of the past? Let’s dig deeper. Subscribe – https://voskco.in/Sub

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Crypto mining farms are in deep trouble. With the FTX contagion having caused immense problems for many crypto companies, it appears that multi-million dollar Bitcoin mining farms were not exempt from the aftermath. With bankruptcy threats causing stock drops, and millions of dollars spent on private jets, Bitcoin mining farms are facing an unprecedented level of turmoil and stress that could have huge consequences on the BTC mining network around the world. Today, we’re going to be taking a look at all of this news and more.

📃 Read the investigation threads here: 📃
Alameda Research invested $1.15B in crypto miner Genesis Digital –
https://cointelegraph.com/news/alameda-research-invested-1-15b-in-crypto-miner-genesis-digital-report
Bitcoin miner Core Scientific warns it might go bankrupt, stock plunges 80% –
https://www.cnbc.com/2022/10/27/bitcoin-miner-core-scientific-warns-it-might-go-bankrupt-stock-plunges.html
Bitcoin Miner Core Scientific (CORZ) Says Reserve Dropped In October –
https://www.bloomberg.com/news/articles/2022-11-07/bitcoin-miner-core-corz-scientific-says-reserve-dwindled-in-october
$1.8M jet expenses for Core Scientific? –
https://www.ft.com/content/44b9216e-f73a-45ad-a8f3-1250de2db356

⏰ Timestamps ⏰
00:00 The biggest BTC miners are on brink of bankruptcy
00:53 Alameda Research invested $1.15B in Genesis Digital
02:50 Core Scientific stock fell 80% in the last 5 days!
03:18 Core Scientific issues bankruptcy warning
05:18 Bitcoin mining profitability
05:43 Crypto mining Stock Index performance
06:18 BlockFi offered loans to new miners?
07:18 Iris BTC mining faces a claim on $103M
08:02 Should Bitcoin mining be industrialized?
09:52 Heavier regulations for miners soon?
10:19 BTC miners could unwind their positions

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#VoskCoin #crypto #mining #bitcoin #BTC #cryptonews #miningfarm #cryptocurrency #cryptocrash #corz #hut8 #iris #bitcoinfarm

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Helium wants to move blockchains, Binance bans USDC, and the Ethereum Merge is forcing mining farms to change trajectories! Let’s take a look into this week’s insane crypto news. Don’t forget to sub! https://voskco.in/Sub

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Over the past few months, it seems like Helium and their HNT token have been taking a couple steps backward instead of moving forwards like we had hoped. Now, with the introduction of HIP 70, Helium could be set to move onto the Solana (SOL) blockchain, with the added benefit of more coins for miners! Current mining farms with GPU exposure are also now seeking alternative mining avenues due to the Ethereum Merge, which is set to take place in just a few days! Mining Ethereum (ETH) will no longer be viable, as the chain seeks to move to Proof of Stake, away from Proof of Work. And all of this amidst crypto projects having to make huge decisions, Binance stopping support for one of the largest stablecoins, and Bitcoin (BTC) mining becoming more difficult than ever! Let’s dive into some crazy crypto news!

📑 Crypto News 📑
Helium set to move to Solana blockchain? – https://medium.com/helium-foundation/hip-70-helium-core-team-proposes-to-migrate-to-solana-e7ea23a042e7
HIVE Blockchain seeks to replace their Ethereum miners – https://decrypt.co/109044/hive-blockchain-explore-mining-ethereum-alternatives-ahead-merge
MakerDAO to decide between decentralisation or profits – https://www.theblock.co/post/168197/coinbase-releases-governance-proposal-that-could-increase-makerdaos-revenue-by-24-million
Binance to stop supporting USDC in favor of BUSD – https://www.theblock.co/post/167885/binance-to-end-support-for-usdc-other-stablecoins-in-favor-of-its-own-busd
BTC Mining difficulty jumps over 9%! – https://www.theblock.co/post/166757/bitcoin-mining-difficulty-jumps-9-26-in-the-largest-increase-since-january

⏰ Timestamps ⏰
00:39 Helium moves to the Solana Blockchain
02:53 Dust Labs Raise $7M on Solana NFTs
03:19 HIVE Blockchain is searching for ETH alternatives
04:14 Make 23% Lending your ETH on Arbitrum
04:44 ETH miners’ migration
08:47 The government wants you to lose money on stocks and crypto?
09:44 Frax Finance launches Fraxlend
10:11 Coinbase releases a governance proposal
10:46 Binance bans USDC?!
11:42 BTC mining difficulty jumps 9.26%

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