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How tough has this bear market been for bitcoin mining? Watch Market Talks on Cointelegraph

Published on

December 15, 2022
Read Time:1 Minute, 58 Second

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're diving deep into all issues crypto from the distinctive perspective of a Bitcoin (BTC) miner. We study what Vosk says concerning the issues that have an effect on his backside line as a bitcoin miner and what challenges he at the moment faces mining bitcoin at house versus an industrial miner.

Is it value investing in a photo voltaic mining farm given the present sharp rise in electrical energy prices? What's the ROI and is it more economical in the long term to harness the ability of the solar? Vosk not solely mines Bitcoin, but in addition a wide range of different cash. We ask him what his mining technique is to remain afloat in these troubling instances.

Subsequent, we flip to centralized finance (CeFi) and decentralized finance (DeFi). We ask if he has been affected by the entire current bankruptcies and what are his key takeaways from all that has occurred.

As we strategy 2023, let's focus on what modifications must be made to make mining Bitcoin and different cryptocurrencies simpler and cheaper. We additionally look again at 2022 - was this the hardest 12 months for miners, and is it over, or is the worst but to return?

When you're fascinated about moving into cryptocurrency mining or organising your personal mining rig, be sure you tune in as a result of we have some nice data for anybody trying to get into house. Who higher to information you thru all of it than somebody who has actually risked all the things to mine Bitcoin and has been by way of all of the ups and downs of the market?

Keep tuned to the top for all of the solutions and extra. We'll even be taking your questions and feedback all through the present, so be sure you have them prepared.

Market Talks streams dwell each Thursday at 12:00 p.m. ET (5:00 p.m. UTC). Every week we characteristic interviews with a number of the most influential and inspirational folks within the crypto and blockchain trade. So be sure you go over there Cointelegraph YouTube page and smash these like and subscribe buttons for all of our future movies and updates.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : December 15, 2022
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