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

Share This Post

Join us as we discuss the current state of the crypto market, particularly in terms of the current bear market and Bitcoin mining. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Drew Vosk.

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

This week, we take a deep dive into all things crypto from the unique perspective of a Bitcoin (BTC) miner. We get Vosk’s take on the things that are impacting his bottom line as a Bitcoin miner and what challenges he is currently facing by mining Bitcoin at home as opposed to with an industrial miner.

Is it worth investing in a solar mining farm with electricity costs soaring at the moment? What is the ROI, and is it more cost-effective in the long run to harness the power of the sun? Vosk not only mines Bitcoin but also a host of other coins. We ask him what his mining strategy is to stay afloat in these troubling times.

Next, we pivot over to centralized finance (CeFi) and decentralized finance (DeFi). We ask if he has been impacted by all the recent bankruptcies and what his main takeaway from everything that has happened is.

As we approach 2023, we discuss what changes need to occur to make it easier and more cost-effective to mine Bitcoin and other cryptocurrencies. We also take a look back on 2022 — has this been the toughest year for miners, and is it over, or is the worst yet to come? 

If you’re thinking about getting into cryptocurrency mining or setting up your own mining rig, make sure to tune in, as we’ve got some great information for anyone looking to get into the space. Who better to walk you through it all than someone who has literally put everything on the line to mine Bitcoin and has been through all the highs and lows of the market?

Make sure to stay tuned until the end to get all the answers and more. We’ll also be taking your questions and comments throughout the show, so be sure to have them ready to go.

Market Talks streams live every Thursday at 12:00 pm ET (5:00 pm UTC). Each week, we feature interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Dominance Sliding Below This Level Could Signal Start Of Altseason, Trading Firm Says

Bitcoin (BTC) continues its historic price trajectory, trading in the low $90,000 range at the time of writing However, a trading firm suggests that Bitcoin dominance (BTCD) falling below a crucial

Chris Pavlovski Stirs the Crypto Pot—Should the Video Platform Rumble Hold Bitcoin?

On Tuesday, shortly before bitcoin (BTC) reached a lifetime high of $94,057 per coin, Rumble CEO Chris Pavlovski sparked interest on X He posed a question to his 289,300 followers, asking whether

Trump taps crypto advocate Howard Lutnick as commerce secretary

President-elect Donald Trump announced Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, as his nominee for Secretary of Commerce on Nov 19 The decision positions Lutnick, a vocal

Bitfinity bridges Bitcoin and Ethereum with new Layer-2 mainnet, raises $12 million

Bitfinity Network, a Bitcoin Layer-2 solution compatible with the Ethereum Virtual Machine (EVM), has officially launched its mainnet after raising nearly $12 million, according to a Nov 19 statement

PEPE Is Mirroring The Dogecoin Price Breakout Of 2021, Here’s How

Max Schwartzman, the CEO of Because Bitcoin, has provided a bullish outlook for PEPE He stated that the meme coin is mirroring the Dogecoin price action in the 2021 bull run and explained exactly how

Bitcoin Mining Firm Compass Establishes 30 MW Site in Iowa

Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States Compass Mining’s Iowa Expansion Highlights