Nick Hansen, cofounder and CEO of Luxor Technologies, talks about the Bitcoin mining industry, why some miners are struggling while others are succeeding, and the next steps for the industry.
🔥 EPISODE LINK 🔥
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👉 https://unchainedpodcast.com/bitcoin-miners-going-bankrupt-heres-how-crypto-winter-is-impacting-the-industry-ep-415/ 👈
🔹 the current state of the Bitcoin mining industry
🔹 why miners have the lowest margin environment ever
🔹 why there are so many mining rigs sitting latent
🔹 how to calculate the profitability of mining cryptocurrency
🔹 why miners are not moving to other countries for lower energy prices
🔹 what the impact of a Core Scientific bankruptcy would be
🔹 whether finance pools to aid struggling miners are helpful
🔹 why some miners are succeeding in this environment
🔹 whether Bitcoin miners can adopt renewable resources and help with the transition to green energy
🔹 how the mining industry is going to change in the following years
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01:42 State of the mining industry
04:03 Mining equipment
09:11 Core Scientific
12:02 Loans to miners
15:16 Successful firms
17:12 Alternative sources of energy
20:36 Industry changes
#bitcoin #ethereum #crypto #cryptocurrencies
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