Should You Just STOP Mining Bitcoin? Bitcoin Mining getting DIFFICULT



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

Get tons of bonuses when you sign up with FTX! – https://voskco.in/ftx
Wanna start mining Bitcoin? Check out CoinMiningCentral – https://voskco.in/coinmc
Mine your Bitcoin with ViaBTC – https://voskco.in/via

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!

Follow us on our official social media accounts! – https://voskco.in/22

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#VoskCoin #crypto #crash #marketcrash #bitcoin #cryptonews #bullish #bearish

source

BTC Mining Farms are DUMPING on YOU and Ethereum Mining is getting CRAZY…



Bitcoin mining farms make BTC anti-fragile, and thus more valuable, but miners are now dumping more Bitcoin than they’re even currently mining… and what’s going on with Ethereum mining in 2022?! Sub – http://voskco.in/Sub

Use code VCOIN15 to get a bonus 15% of your deposit with Margex – https://voskco.in/margex
Get up to $250 for FREE when you sign up with BlockFi – https://voskco.in/blockfi

Because Bitcoin mining profitability right now is so much lower than it was last year, instead of mining and selling BTC some mining farms are mining energy credits instead. Riot Blockchain, a massive Bitcoin mining farm, and publicly traded stock RIOT made more money mining energy credits instead of mining Bitcoins last month?! How are Bitcoin mining farms adapting to a global recession with bearish conditions making it less profitable to mine Bitcoin AND more expensive to be mining BTC? Ethereum historically is the most profitable coin to mine, more money is made mining Ethereum than even Bitcoin but ETH is moving to Ethereum 2.0 and will be no longer mineable soon. This will ruin GPU mining and GPU mining will not be profitable at all, leading to the cheapest graphics cards in recent history. However, there’s a new project trying to save Ethereum mining and no, it is NOT Ethereum Classic ETC; it is ETHPoW. ETH PoW is simply a proof of work mining-focused Ethereum blockchain, or really just the Ethereum chain as if ETH 2.0 and the ETH merge never happens. Bitmain, the biggest ASIC miner manufacturer in the world and largest Ethereum miner producer (other than Nvidia and AMD with their graphics cards), has released the Bitmain Antminer E9. The Bitmain Antminer E9 is the best Ethereum miner ever, but you’d be an idiot to buy one as Ethereum will no longer be mineable soon, and Bitmain is betting on their customers not knowing that. Bitmain continues to make the best ASIC miners all while being one of the biggest scams in the cryptocurrency sector

📑 Crypto News 📑
Riot Blockchain makes $9m from energy credits in July – https://www.theblock.co/post/161226/riot-mined-28-less-bitcoin-in-july-and-earned-9-5-million-in-power-credits
What BTC miners are doing to survive the bear market – https://decrypt.co/106267/what-bitcoin-miners-are-doing-survive-bear-market
Push for an Ethereum hard fork for “ETH PoW” – https://www.theblock.co/post/160462/as-the-ethereum-merge-approaches-a-key-miner-is-pushing-a-proof-of-work-fork
Will mining pools survive the Merge and end of ETH mining? – https://decrypt.co/104967/ethereum-mining-pools-survive-merge-what-about-miners

⏰ Timestamps ⏰
00:00 Bad news about Bitcoin mining profits?
00:57 Riot Blockchain makes millions from power credits?
03:23 How are BTC miners surviving the bear market?
06:30 ETH PoW Hard Fork coming soon
08:43 Are mining pools doomed after ETH 2.0?
11:24 Bitmain scamming customers with E9
14:12 Trade without KYC on Margex
16:40 Bitcoin & Ethereum mining news

Follow us on our official social media accounts! – https://voskco.in/22

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#VoskCoin #crypto #cryptomining #passiveincome #bitcoin #ethereum #ethereummining #etc #btc #bitcoinmining #gpumining

source